A(n) _____ organization is characterized by a relatively low degree of job specialization, loose departmentalization, few levels
2 answers:
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Answer:
1a. Current ratio = Current assets / Current Liabilities
Current year = $224,517 / $120168 = 1.88 : 1
1 years ago = $175,652 / $70,310 = 2.50 : 1
2 years ago =$134,088 / $44,840 = 2.99 : 1
1b. The Current ratio worse over three years period
2a. Acid test ratio = (Cash + Investment + Account Receivables) / Current liabilities
Current year = ($29,328 + $0 + $83,351) / $120,168 = 0.94 : 1
1 year ago = ($32,285 + $0 + $57,663) / $70,310 = 1.28 : 1
2 year ago = ($34,323 + $0 + $45,764) / $44,840 = 1.79 : 1
2b. The Acid test ratio are worse over three years period
Answer:
0.0416483 or 4.16%
Explanation:
Annual percentage rate, APR = 4%
Value of toys sold = $200,000
Note period = 90 day
N = 365 ÷ 90
= $200,000 × [1 - (0.04 × 90/360)]
= $198,000
Effective annual financing cost:
= 1.0416483 - 1
= 0.0416483 or 4.16%