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
frosja888 [35]
3 years ago
14

The financial statements of Trenton Office Supply include the following​ items: 2019 2018 Cash $ 46 comma 500 $ 43 comma 000 Sho

rtminusterm Investments 34 comma 000 19 comma 000 Net Accounts Receivable 102 comma 000 101 comma 000 Merchandise Inventory 129 comma 000 126 comma 000 Total Assets 531 comma 000 553 comma 000 Total Current Liabilities 257 comma 000 238 comma 000 Longminusterm Note Payable 59 comma 000 56 comma 000 What is the 2019 current​ ratio? (Round your answer to two decimal​ places.)
Business
2 answers:
Juli2301 [7.4K]3 years ago
7 0

Answer:

1.21

Explanation:

Current Ratio = Current Asset / Current Liabilities

= (Cash + Shortminusterm Investments + Net accounts receivable + Inventory) / Current Liabilities

= ( 46500 + 34000 + 102000 + 129000) / 257000

= 1.21

zlopas [31]3 years ago
6 0

Answer:

Current ratio=Current Assets/Current liabilities

Explanation:

Cash  46,500

Short term investments 34,000

A/R-Net            102,000

Inventory         129,000

Total Current Assets $311,500

Current Liabilities $257,000

Current Ratio=$311,500/$257,000

Current ratio=1.21

You might be interested in
If you were to take over as inventory control manager at wheeled coach, what additional policies and techniques would you initia
alexgriva [62]
The inventory control manager at Wheeled Coach would need to have ABC investigation as well as actualize tight physical control of the stockroom. He would likewise execute a cycle tallying framework, and guarantee that issues require building change sees for those things not at first included on the bill of material. To the degree attainable, stockrooms would be united.
6 0
3 years ago
Apex Systems Co. offers its services to residents in the Seattle area. Selected accounts from the ledger of Apex Systems Co. for
AfilCa [17]

Answer:

Explanation:

The preparation of the statement of stockholders' equity at the end of the year is presented below:

                                          Apex Systems Co.

                             Statement of stockholders' equity  

                            For the fiscal year ended December 31, 2016

Particulars                  Common Stock          

Beginning

Balance                      $1,340,000

Add: Net income       $356,000    

Less:

Bart Nesbit, Drawing  -$91,200

Ending balance          $1,604,800                

                       

6 0
3 years ago
Pizza ltd. leased equipment from Tasty Company under a four-year lease requiring equal annual payments of sh.86, 038, with the f
adoni [48]

Answer:

Sh. 300,001.60

Explanation:

Note: <em>Missing word has been attached</em>

Particulars                                                     Amount

Annual payments                                          86,038

x PV Annuity due 8%, 10 periods                 3.48685

Amount recorded for the leased asset      300,001.60

8 0
3 years ago
Pigot Corporation uses job costing and has two production departments, M and A. Budgeted manufacturing costs for the year are as
zlopas [31]

Answer:

Correct option is D.

<u> $200,500 </u>

Explanation:

Manufacturing overhead = [($651,000/217,000) × $25,000] + [($417,000/834,000) × $29,000] = $89,500

Total cost associated with Job. No. 432 = $57,000 + $54,000 + $89,500 = $200,500

7 0
3 years ago
Hello. My name is Eric! I'm looking for some advice on what type of investments to consider. I'm 53, my kids are through college
lukranit [14]

Answer:

donate it to a charity.

Explanation:

6 0
3 years ago
Other questions:
  • A Broadway play company can only charge one price for tickets to a given performance of its play. The company manager notices th
    9·1 answer
  • The following information was taken from the 2011 income statement of Ultimate Sales: Pretax income, $12,000; Total operating ex
    11·1 answer
  • When you are willing to pay $5 for a hamburger but you pay $4 for it, your consumer surplus for the hamburger is:?
    11·1 answer
  • In which investment category are fair values and subsequent growth of an investee not relevant for reporting?
    13·1 answer
  • What is the difference between monetary policy and fiscal policy
    11·1 answer
  • Gaston Bank had interest revenues of $70 million last year and $30 million in interest expenses. About $300 million of Gaston's
    6·1 answer
  • Ed runs an auto repair business out of the garage attached to his personal residence. How should he account for each of the foll
    13·1 answer
  • If a ppf has a negative slope and is bowed​ out, we experience​ ________ opportunity costs as we continue to move down and to th
    9·1 answer
  • Which of the following statements are true if the efficient market hypothesis holds? It implies that future events can be foreca
    11·1 answer
  • One category of project management software is high-end tools, sometimes referred to as project portfolio management (ppm) or __
    14·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!