Justice enterprises has current assets of $593 million and current liabilities of $316 million. what is their current ratio?

1 answer:

4 0

To solve this problem, first, we must know the formula to get the current ratio.
Currents Assets
Current Ratio= -------------------------
Current Liabilities

So in this problem the current assets and current liabilities are given which are the following:
CA= $593,000,000
CL= $316,000,000

Let's now solve $593,000,000 / $316,000,000 = 1.88

You might be interested in

In the context of contracts formed by promises, a bilateral contract is defined as: Multiple Choice an agreement in which a prom

Ierofanga [76]

An agreement containing mutual promises. Workers on a building are guaranteed that their contractors will pay them at the end of each month.

<h3><u>How do bilateral contracts work?</u></h3>

A bilateral contract is a <u>legally binding arrangement</u><u> between two parties wherein each exchanges commitments to carry out and execute </u><u>one-half of a deal</u>. Because it makes both parties into what is known as an "obligor," or a person or party who is bound to another, this contract form is one of the most often utilized binding agreements.

Due to their widespread usage, sales contracts and bilateral contracts are frequently used interchangeably. An obligor has violated the bilateral agreement if they don't carry out their obligation (and of course, vice versa).

Learn more about Bilateral Contract with the help of the given link:

brainly.com/question/14892242?referrer=searchResults

#SPJ4

3 0

2 years ago

________ is the shift from people making their own fun to people purchasing it as goods and services.

Greeley [361]

The commodification of recreational activities is the shift from people making their own fun to people purchasing it as goods and services.

<h3>What is commodification?</h3>

This is when values are assigned to objects or things which are previously meant for fun. Commodification occurs when something that used to have intrinsic value gradually develops a monetary value like water, or sunshine, or knowledge as an example.

Here, human and socio cultural value are converted into market value which also applies to goods, services, ideas, and other forms and products.

Commodification provides benefit to a business environment which includes opportunities for developing new products and services inorder to meet ever changing customer needs and demand.

Learn more about commodification here: brainly.com/question/13235742

#SPJ1

6 0

2 years ago

In one week, you could read two books or see four movies. The opportunity of cost of choosing to read one book is?

Gekata [30.6K]

A is your answer one book

7 0

3 years ago

Read 2 more answers

On September 1, 2011, Cooking with Tarla sold 600 one-year magazine subscriptions for $81 each. Subscriptions start immediately.

Yuki888 [10]

Revenue is recorded for September, October, November and December of $4,050 each month for a total of $16,200 in the calendar year of 2011, which leaves an Unearned Subscription Revenue Liability on the balance sheet on 12/31/2011 of $32,400.

So revenue earned is a credit balance of $16,200, which is B.
The remaining liability (credit) balance in Unearned

5 0

3 years ago

if the present value of growing perpetuity is 214,the required rate of return is 10% and growth rate is 3%, what is cash flow in

gizmo_the_mogwai [7]

Answer:

Explanation:

PV= 214

rate of return 10%

(10+1)^1

11+3= 14

214/14= 15.2...= <u>15</u>

8 0

2 years ago