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alex41 [277]
3 years ago
5

Based on the following data, what is the current ratio? Accounts payable………………………….. $ 64,000 Accounts receivable….………………….. 114

,000 Accumulated depreciation.............. 160,000 Cash………………………………..……………. 60,000 Equipment……................................... 1,500,000 Inventory………………………………………. 138,000 Long-term investments………..………. 160,000 Notes payable (due in 3 months)…… 56,000 Notes payable (due in 2 years)......... 200,000 Patents……...............……………………… 100,000 Prepaid insurance…………………………... 2,000 Short-term investments…………….…… 80,000

Business
1 answer:
erastova [34]3 years ago
8 0

Answer:

Current ratio = 3.28

Explanation:

Current Ratio = Current Asset (CA) / Current Liabilities (CL)

In this case:

Current Ratio = Current Asset / Current Liabilities

Current Ratio = 394,000 / 120,000

Please, for the accounts classification see attached file. You will find the amount of current and long-term assets and liabilities there.

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When a company contemplates ending a product line and decides to study customer migration patterns, they are checking to see what the customer will switch to when the product is deleted. If they make substitutes to the product to be deleted, they will be checking to see if the customers will switch to these substitutes if the product line is ended.

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3 years ago
Using both the supply and demand for bonds and liquidity preference framework, show how interest rate are affected when the risk
nignag [31]

Answer:

Yes, the results are the same in both frameworks. Please see below for explanation.

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3 years ago
For example, in 2012, each of the 80 billion pieces of advertising brought 21 cents in revenue, compared to 42 cents for first-c
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Answer:

Returns

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Rate of returns on invested funds is used as a yardstick by potential investors in deciding which enterprise to fund.

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3 years ago
Scarcity of a key resource or input into the production process
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Scarcity reduces the producer's ability to manufacture a limitless number of goods, thus limiting output.

<h3>What is the production process?</h3>

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brainly.com/question/28154985

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