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Verizon [17]
3 years ago
5

Nabors Company reported the following current assets and liabilities for December 31 for two recent years:

Business
1 answer:
Fofino [41]3 years ago
6 0

Answer:

a.

Quick Ratio - Current Year = 1.44

Quick Ratio - Previous Year = 1.447826 rounded off to 1.45

b.

The quick ratio of the business has declined as it has less current assets to pay of each $1 of current liability than it had previous year.

Explanation:

A.

The quick ratio or acid test ratio is a financial ratio that is used to assess the liquidity of a business. It measures the amount of most liquid assets that the business has to pay each $1 of current liability of the business. The most liquid assets of a business are all of its current assets excluding inventory. The formula to calculate the quick ratio is,

Quick ratio = (Current Assets - Inventory) / Current Liabilities

Quick Ratio - Current Year = (660 + 1440 + 3300 - 1080) / 3000

Quick Ratio - Current Year = 1.44

Quick Ratio - Previous Year = (920 + 2050 + 1400 - 1040) / 2300

Quick Ratio - Previous Year = 1.447826 rounded off to 1.45

B.

The quick ratio of the business in previous year was approx. 1.45 which means that the business had $1.45 of most liquid current assets to pay each $1 of current liability while this year, it has $1.44 of current assets for each $1 of current liability. This means that the quick ratio of the business has declined as it has less current assets to pay of each $1 of current liability than it had previous year.

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jekas [21]

Answer:

$29

Explanation:

The computation of the more profit or loss via processing one batch of sugar to the end products is shown below:

= Total sale in the case when it is processed further - processing cost

where,

Total sale in the case when it is processed further is

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And, the processing cost is

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So, the profit is

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3 years ago
How do you get a coutry girls attetion?
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<em><u>How </u></em><em><u>you </u></em><em><u>get </u></em><em><u>a </u></em><em><u>Gurl~</u></em>

Stand there like a ghost shaking from the rain (rain).

She'll open up the door and say, "Are you insane ('ane)?"

Say it's been a long 6 months

And you were too afraid to tell her what you want (want)

And that's how it works.

That's how you get the girl.

And then you say,

"I want you for worse or for better,

I would wait forever and ever,

Broke your heart, I'll put it back together.

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That's how you get the girl, girl...

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And that's how it works

That's how you get the girl, girl...

Remind her how it used to be, be (yeah, yeah)

With pictures in frames of kisses on cheeks (cheeks)

Tell her how you must have lost your mind. (uh-uh)

When you left her all alone, and never told her why (why).

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That's how you lost the girl.

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And that's how it works

That's how you get the girl, girl...

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And you know (oh-oh oh oh)

That I don't want you to go oh-oh..

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Pictures in frames of kisses on cheeks.

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"I want you for worse or for better (for worse or for better),

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I want you forever and ever (I want you forever and ever)."

[4x]

And that's how it works

That's how you get the girl, girl.

Oh.

That's how it works.

That's how you got the girl.

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~ʆᵒŕ∂ཇꜱꜹⱽẻⱮë

8 0
3 years ago
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Learn more about interest rates here: brainly.com/question/1115815

#SPJ4

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Answer:

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Please mark brainliest! Have a nice day!

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