1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
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

You might be interested in
Durable goods and non-durable goods comprise approximately ________ of the supply side of the gdp.
kati45 [8]
<span>Durable goods and non-durable goods comprise approximately 45% of the supply side of the GDP. If the government reduces the taxes o the companies and the industries then their production will likely increase and which may will lead to the reduce in the price level s when it reaches the consumers, this is called the supply side economics.</span>
7 0
3 years ago
Use each of these key terms to best complete the following sentences. Use each term no more than once. Agreeableness
Lilit [14]

Answer:

4

1

3

2

Explanation:

The big 5 personality traits include

Openness - it includes people who are open to new things and enjoy learning new things.

Ted is high on this trait

Extraversion - it includes people who enjoy meeting new people and are very sociable.

Betty is high on this trait  

Conscientiousness - includes people that are organised and pay attention to details. Aiden is low on this trait

Agreeableness - includes people that trust people easily and are kind

Neuroticism - includes people that are usually moody or sad

3 0
3 years ago
Exercise 8-7 At December 31, 2018, Concord Corporation Company had a credit balance of $18,800 in Allowance for Doubtful Account
Marina86 [1]

Answer:

Dr Allowance $13,500

Cr Accounts Recivable $13,500

Dr Accounts Recivable $3,500

Cr Allow ance $3,500

Dr Cash $3,500

Cr Accounts Rec $3,500

Dr Bad Debts Expense $21,900

Cr Allowance $21,900

Explanation:

Preparation of the journal entries to record the 2019 transactions of Concord Corporation Company

Dr Allowance $13,500

Cr Accounts Recivable $13,500

(To record amount written off)

Dr Accounts Recivable $3,500

Cr Allow ance $3,500

(To reverse write-off)

Dr Cash $3,500

Cr Accounts Rec $3,500

(To record collection of writeoff)

Dr Bad Debts Expense $21,900

Cr Allowance $21,900

[$30,700-($18,800-$13,500+$3,500)]

8 0
2 years ago
Two guys walk into a bar; the third one ducks. If these three men acted independently, and the probability is 0.7 that a person
allsm [11]

Answer:

0.063

Explanation:

Given

Probability of a person to not enter into a bar or ducking   is 0.7

Probability of a person to  enter into a bar  

1 - (Probability of a person to not enter into a bar or ducking)

Substituting the given value, we get

Probability of a person to enter into a bar  

= 1 - 0.7 \\= 0.3

Total three men attempts to enter into the bar and their course of action is independent of each others

Thus, probability of observing the first two walking into the bar and the third ducking will be equal to the product of individual probabilities

= 0.7 * 0.3 * 0.3\\= 0.063

7 0
3 years ago
Depreciation is an amortized expenditure<br><br> True or False
IRISSAK [1]
False i think maybe not
4 0
3 years ago
Other questions:
  • Business K exchanged an old asset (FMV $95,000) for a new asset (FMV $95,000). Business K’s tax basis in the old asset was $107,
    11·1 answer
  • Brad mcdonald said sleeping takes a backseat compared to when he was in college. A.True B.False
    8·1 answer
  • Which type of cybercriminal attack would interfere with established network communication through the use of constructed packets
    12·2 answers
  • Closing entries:
    5·2 answers
  • On April 1, the price of gas at Bob’s Corner Station was $3.80 per gallon. On May 1, the price was $4.30 per gallon. On June 1,
    10·1 answer
  • Milford Corporation has in stock 16,100 kilograms of material R that it bought five years ago for $5.75 per kilogram. This raw m
    11·1 answer
  • A company pays all selling expenses in the month incurred. Budget information includes: Administrative salaries: $50,000; Sales
    7·1 answer
  • Which of the following would NOT cause a shift in AD?
    7·1 answer
  • Suppose the government offers a subsidy to laptop sellers. Say whether each group of people gains or loses from this policy.
    8·1 answer
  • An investment that has earned a high rate of return over the last 5 years will necessarily continue to perform well in the futur
    13·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!