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denpristay [2]
4 years ago
13

Astin Company has current assets of $82,530, total assets of $242,050, total net income of $58,240, current liabilities of $72,1

20, and total liabilities of $205,300. Astin Company’s current ratio is:________
a. 1.14
b. 1.95
c. 1.18
d. 1.42
Business
1 answer:
Firdavs [7]4 years ago
6 0

Answer:

a. 1.14

Explanation:

The current ratio is a financial measure that shows how many times the current assets of an entity may be used (covers) the current obligations (liabilities) of the entity.

It is given as current assets divided by current liabilities.

Astin Company’s current ratio

= $82530/$72120

= 1.14

This means that the current assets will settle the current liabilities 1.14 times.

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Answered:who do you work for

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3 years ago
Mustard Corporation (a C corporation) owns 15% of the stock of Burgundy Corporation (a C corporation), which pays an annual divi
irina1246 [14]

Answer:

Yes, it will affect it.

Explanation:

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The three criteria or tiers that determines how much to deduct as DRD are as follows:

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2. A DRD equals to 80% of the dividend received can be deducted if the corporation holds more than 20% but less than 80% shareholding of the company that paid the dividend.

3. If the corporation holds more than 80% shareholding of the company that paid the dividend, a DRD of 100% of the dividend applies.

Therefore, additional stock purchase will affect the amount of dividends received deduction that Mustard can claim.

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3 years ago
Programs designed to foster ethical behavior are more controversial today because unethical and illegal business conduct continu
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1 year ago
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Compatibility is an effective accounting information system refers to a system which works smoothly with the business’s employees and organizational structure.

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6 0
2 years ago
Why would a free market never operate at a quantity greater than the equilibrium quantity? Hint: What would be required for a tr
Volgvan

Answer:

This is because in a free market, the prices of goods and services are determined by market forces, and the price mechanism will always keep the market at equilibrium.

Explanation:

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