Answer:
19.) b, d
20.) d, a
21.) d, c
22.) a
23.) c
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Answer:
He must have a skratta du flörlar du in his album cover
Explanation:
You laugh, you lose
You can ask a person who works for the company of your plane ticket and ask if it's expired.
Answer:
Part 1.
3.1 times
Part 2.
a. total assets
Part 3
d. the company's ability to generate sufficient cash to repay debt when due.
Explanation:
<u>For Part 1</u>
Inventory turnover measures the activity of liquidity of a company`s inventory. The higher the ratio in comparison, the more efficient the inventory is managed.
<em>Inventory turnover = Cost of Sales ÷ Inventory</em>
therefore,
Inventory turnover = $982,500 ÷ $ 312,500 = 3.1 times
<u>For Part 2</u>
In a common-size Balance Sheet, each item is expressed as a percentage of total assets whereas in a common size Income Statement, Sales revenue is expressed as 100 % and every other item is expressed as a percentage of sales revenue.
<u>For Part 3</u>
Solvency or Liquidity is the ability of short term assets to cover short term liabilities. Also put, it is the company's ability to generate sufficient cash to repay debt when due.
Answer:
a) December 31, 2013 Owner's equity = 508,000
b) December 31, 2014 Owner's equity = 420,000
Explanation:
Accounting Equation Formula: Owner's Equity = Assets - Liabilities
A) Way to Go LLC December 31, 2013
Owner's Equity = Assets – Liabilities
Owner's Equity = 669,000 – 161,000
Owner's Equity = 508,000
B) Way to Go LLC December 31, 2014
Owner's Equity = Assets – Liabilities
Owner's Equity = (669,000-127,000) – (161,000-39,000)
Owner's Equity = 420,000
