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goblinko [34]
3 years ago
6

has the following current assets: cash, $1,200; receivables, $1,500; inventory, $2,000 and other current assets, $1,300. Airline

Accessories has the following liabilities: accounts payable, $1,000 million; current portion of long-term debt, $3,000; and long-term debt, $1,800. Based on these amounts, calculate the current ratio and working capital
Business
1 answer:
pogonyaev3 years ago
5 0

Answer:

Current Ratio =  1.5

Working Capital = $2,000 million

Explanation:

Current Ratio = Current Assets / Current Liabilities

                       = ($1,200 + $1,500 + $2,000 + $1,300) / ($1,000 +  $3,000)

                       = $6,000 / $4,000

                       = 1.5

Working Capital = Current Assets - Current Liabilities

                           = $6,000 million - $4,000 million

                           = $2,000 million

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The following information was taken from Charu Company's balance sheet: Fixed assets (net) $860,000 Long-term liabilities 200,00
AlladinOne [14]

Answer:

A. 4.3

B. 2.4

Explanation:

(a) Calculation to determine ratio of fixed assets to long-term liabilities

Using this formula

Ratio of fixed assets to long-term liabilities =Fixed assets (net)/Long-term liabilities

Let plug in the formula

Ratio of fixed assets to long-term liabilities= $860,000 /$200,000

Ratio of fixed assets to long-term liabilities=4.3

Therefore Ratio of fixed assets to long-term liabilities is 4.3

(b) Calculation to determine ratio of liabilities to stockholders' equity

Using this formula

Ratio of liabilities to stockholders' equity=Liabilities/Total stockholders’ equity

Let plug in the formula

Ratio of liabilities to stockholders' equity=$600,000 /$250,000

Ratio of liabilities to stockholders' equity=2.4

Therefore ratio of liabilities to stockholders' equity is 2.4

7 0
3 years ago
With your bill paid off and starting back at $0, the latest video game comes out and costs $60. You put it on your credit card a
monitta

Answer: 5 dollars per year

5 0
3 years ago
Does this big data approach work for all three Gap Inc.'s primary brands: Old Navy, Gap, and Banana Republic? Why or why not? Wh
Greeley [361]

Answer:

We feel that the big data approach is applicable for all three of Gap Inc.’s brands, although the biggest insights from the information collected will come from the brand that has the greatest product diversity. Banana Republic is Gap’s most targeted brand with its expensive price points, so designers already have a relatively good idea of what their customers are looking for. The target customer is upscale, predominantly female, and interested in a classic look. The variability in design for the brand is least among Gap’s, but still significant so the ability to assess the success  

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Explanation:

8 0
3 years ago
Randy is a waiter at the silver spoon restaurant. his w-2 box 1 wages are $16,400, box 7 (social security tips) is $500, box 8 (
olga_2 [115]

Answer:

a)$16,894

Explanation:

The computation of his income is shown below:

= Wages + allocated tips for box 7 + tips that do not reported

= $16,400 + $350 + $144

= $16,894

We simply added the Wages, allocated tips for box 7, and tips that do not reported so that the exact value could come

All other information which is given is not relevant. Hence, ignored it

8 0
4 years ago
Read 2 more answers
These are managers who are citizens of countries other than the one in which the MNC is headquartered or the one in which they a
svp [43]

Answer: D. Third-country nationals

Explanation:

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6 0
3 years ago
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