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N76 [4]
3 years ago
7

Based on the following information from Schrute Company's balance sheet, calculate the current ratio. Current assets $ 147,000 I

nvestments 62,000 Plant assets 450,000 Current liabilities 59,000 Long-term liabilities 110,000 Retained earnings 490,000
Business
1 answer:
gladu [14]3 years ago
3 0

Answer:

2.49 times

Explanation:

The computation of the current ratio is shown below:

Current ratio = Total Current assets ÷ total current liabilities  

where,

Total Current assets = $147,000

And, the total current liabilities = $59,000

So, the current ratio is

= $147,000 ÷ $59,000

= 2.49 times

By dividing the total current assets by the total current liabilities we can get the current ratio and it always be expressed in a ratio

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Answer:

D) 44

Explanation:

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Average inventory = ($6,540 + $7,250) / 2 = $6,895

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Days' sales of inventory is the average number of days that it should take to sell the inventory.

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Normative statement - it is referred to that statement those based on judgment. it cannot be true or false. it is based on the value of judgment

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When an employee shadows another employee to observe the performance of the duties of his job and then the roles are reversed this is known as: on-the-job training.

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  • On-the-Job Training (OJT) is defined as training in the public or private sector that is provided to a paid employee while they are engaged in productive work and that offers the knowledge and skills necessary to function fully and adequately on the job. OJT.
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Thus this is the answer.

To learn more about on-the-job training, refer:brainly.com/question/24613213
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