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hoa [83]
3 years ago
14

You are evaluating the balance sheet for PattyCake’s Corporation. From the balance sheet you find the following balances:

Business
1 answer:
goldenfox [79]3 years ago
5 0

Answer:

Explanation:

Current Assets are those asset which will be liquidated within next one year.

cash and marketable securities        $360,000

accounts receivable                           $1,280,000

inventory                                             <u>$2,180,000</u>

Total Current Assets                          <u>$3,820,000</u>

Current Liabilities are those which is payable within next one year.

accrued wages and taxes                   $540,000

accounts payable                                $840,000

notes payable                                      <u>$680,000</u>

Total Current Liabilities                       <u>$2,060,000</u>

Current ratio measures the capability of a business to pay the current liabilities if it becomes due.

Current Ratio = Current Assets / Current Liabilities = $3,820,000 / $2,060,000 = 1.85 times

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Explanation:

If labor productivity fell yet the workforce did not increase, that means that for Years 1 and 2, workers were producing less than they were producing before because the same number of people were producing.

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6 0
11 months ago
"The net present value of the investment, excluding the annual cash inflow, is −$403,414. To the nearest whole dollar how large
nadezda [96]

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3 years ago
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