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Colt1911 [192]
3 years ago
11

As the accountant for Marston Retail Stores, you must calculate the current ratio for the firm's last accounting period. The fir

m's current assets were $120,000, its fixed assets were $240,000, its current liabilities were $80,000, and its long-term liabilities were $60,000. Given these facts, what is the firm's current ratio
Business
1 answer:
I am Lyosha [343]3 years ago
5 0

Answer:

1.5

Explanation:

Current ratio = current asset/current liabilities

This ratio is used to determine how quickly the current assets can be used to settle the current liabilities as they fall due.

current assets = $120,000

current liabilities = $80,000

The firm's current ratio = $120,000/$80,000

                                      = 1.5

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c. the entry of new firms

Explanation:

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3 years ago
Choose the best inference based on the following statement from a corporation president: “Our employees are the greatest resourc
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If this question has the same choices like the previous ones posted here, then the answer would be letter letter C. <span>The speaker is willing to improve workplace safety.
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4 0
3 years ago
Suppose that in Country A, a small open economy, there is a positive shock to the propensity of consumers to save: for the same
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As for the provided information the citizens of the country will save more as there is a positive shock. Accordingly the citizens shall save more, as the real is not changed the balance due to savings will increase of the current accounts.

This is reflected clearly in statement 1, this is because with the same real rate of interest the balance will increase, of current accounts and as a result it will improve.

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3 years ago
Read 2 more answers
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