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Alina [70]
3 years ago
10

The financial statements for Silver Service Company include the following​ items: 2019 2018 Cash ​ $50,500 ​ $42,000 ​Short-term

Investments ​26,000 ​14,500 Net Accounts Receivable ​52,000 ​48,000 Merchandise Inventory ​131,000 ​51,000 Total Assets ​532,000 ​548,000 Accounts Payable ​132,500 ​127,000 Salaries Payable ​16,000 ​ 16,000 ​Long-term Note Payable ​57,000 ​57,000 Compute the​ acid-test ratio for 2018.
Business
1 answer:
Leto [7]3 years ago
4 0

Answer:

0.73 times

Explanation:

The computation of the acid test ratio for 2018 is shown below:

Acid-test ratio = Quick assets ÷ total current liabilities  

where,  

Quick assets = Cash + short-term investments + Accounts receivable (net)  

= $42,000 + $14,500 + $48,000

= $104,500

And, the current liabilities would be

= Accounts Payable + Salaries payable

= $127,000 + $16,000

= $143,000

Now put these values to the above formula  

So, the value would equal to

= $104,500 ÷ $143,000

= 0.73 times

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Explanation:

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4 years ago
How much would $100, growing at 5% per year, be worth after 75 years?a. $3,689.11b. $3,883.27c. $4,077.43d. $4,281.30e. $4,495.3
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Answer:

The correct answer is B.

Explanation:

Giving the following information:

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6 0
3 years ago
If a company owns more than 20% of the stock of another company and the stock is being held as a long-term investment, which met
RSB [31]

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8 0
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Answer:

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3 years ago
Which of these factors contributes to the popularity of cable TV advertising?
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The factor that contributes to the popularity of cable TV advertising is "wide reach."

Unlike the normal print, newspaper, radio, or local television stations, cable TV advertising can reach a larger audience.

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Learn more here: brainly.com/question/9799669

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