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Taya2010 [7]
3 years ago
6

Saved Balance Sheet Current assets Cash 910,000 Acc receivable not given Inventories 1,050,000 Fixed assets 3,710,000 TOTAL ASSE

TS 7,000,000 Current liabilities Acc payable not given Long-term debt 3,500,000 Common stock 560,000 Retained earnings 2,470,000 TOTAL LIAB and EQUITY 7,000,000 Income Statement Sales 14,000,000 Operating expense 11,200,000 EBIT 2,800,000 Interest expense 490,000 EBT 2,310,000 Taxes 924,000 Net income 1,386,000 What is the firm's quick ratio
Business
1 answer:
Troyanec [42]3 years ago
5 0

Answer:

quick ratio = 4.77

Explanation:

quick ratio = (current assets - inventory) / current liabilities

current assets = $910,000 + $1,330,000 + $1,050,000 = $3,290,000

inventory = $1,050,000

current liabilities = $470,000

quick ratio = ($3,290,000 - $1,050,000) / $470,000 = 4.766 ≈ 4.77

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pav-90 [236]

Answer:

Hola Amigo! Here's ur answer :D

Explanation:

The equilibrium price is the only price where the desires of consumers and the desires of producers agree—that is, where the amount of the product that consumers want to buy (quantity demanded) is equal to the amount producers want to sell (quantity supplied).

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3 years ago
Cody Manufacturing started doing business on January 1st of the current year. Cody estimates that its sales will be 9,000 units
uranmaximum [27]

Answer:

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Explanation:

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4 0
3 years ago
Identify four (4) different types of credit (purposes)
DiKsa [7]

Answer:Revolving Credit. Charge Cards. Installment Credit. Non-Installment or Service Credit

7 0
2 years ago
Read 2 more answers
Mary Matthews made $950 during a biweekly pay period only social security (fully taxable) and federal income taxes attach to her
____ [38]

Answer:

The correct answer to the following question will be "$831".

Explanation:

  • Mary Matthews is a married woman, however, her gross salary is $950 per two weeks, as well as the compensation amount, is 2. The year 2018 married bi-weekly wage category table would be used to determine the sum to be withheld underneath the framework of wage class.
  • The applicable limit for $950 throughout the list is between $945 or $965 as well as $19 seems to be the amount of funding tax must keep for 2 allowances.

So that the compensation would be:

The sum is taken by her to their residence = Gross Salary - Income Tax deferred - Contribution towards 401k

= $950 - $19 - $100

= $831

5 0
3 years ago
Baxter Co. wants to issue new 18-year bonds for some much-needed expansion projects. The company currently has 6 percent coupon
lesya [120]

Answer:

5.52%

Explanation:

The coupon rate is given below:

Given that

Future value = $1,000

Present value = $1,055

NPEr = 18 × 2 = 36

PMT = $1,000 × 6% ÷ 2 = $30

The formula is shown below:

=RATE(NPER;PMT;-PV;FV;TYPE)

The present value comes in negative

After applying the above formula, the rate is

= 2.76% × 2

= 5.52%

7 0
2 years ago
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