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notka56 [123]
3 years ago
8

The comparative financial statements for Prince Company are below:

Business
1 answer:
zheka24 [161]3 years ago
8 0

Answer:

It is increases by 0.155 times

Explanation:

As we know that    

Current ratio = Current assets ÷ Current liabilities

where,

Current assets = Cash + account receivable + inventory

So in year 1, the current ratio is

= ($7,000 + $18,000 + $34,000) ÷ ($17,000)

= ($55,000) ÷ ($17,000)

= 3.47 times

And, in year 2 , the current ratio is

= ($4,000 + $14,000 + $40,000) ÷ ($16,000)

= ($58,000) ÷ ($16,000)

= 3.625 times

Therefore, it is increases by 0.155 times

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Answer:

The correct answer would be option C, 3.

Explanation:

There are three types of grants offered by the Federal Government.  

These are as follows:

1) Federal Pell Grants

2) Federal Supplemental Education Opportunity Grants

3) Work Study Programs

Federal Pell Grants provides financial aid to the students, not exclusive to their family income, serves as the prized resource among students. There are certain conditions whom a student must fulfill in order to be eligible for this grant.  

Federal Supplemental Education Opportunity Grants are the financial aids given to the students who have a very low expected family contribution towards their studies.This grant is given to the most needy students.

Work Study Programs also provide the financial aid to the students by providing them part time job opportunities to meet their financial college expenses.

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2 years ago
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Answer:

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