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
1 answer:
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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Answer:
<em> C. The model predicts that cereals will have approximately 29 more milligrams of potassium for every additional gram of fiber.</em>
Explanation:
The r<em>egression model </em>is:
That model means that the average content of potassum (in mg) in breakfast cereals can be predicted from the content of fiber (in grams) by adding a constant of 37 to the product of 29 and the content of fiber.
Thus, the graphs of the content of potassium model is a line with an initial (y-intercept) value of 37, and a <em>slope</em> of 29.
The <em>slope</em> of a line is the ratio of change of the independent variable (<em>potassium content</em>) to the dependent variable (<em>fiber content</em>).
Thus, that shows that the slope means the the model predicts <em>the cereals will have approximately 29 more miligrams of potassium for every additional gram of fiber.</em>