Answer:
-4x - 20x
Step-by-step explanation:
Multiply 2 by -10
Answer:
Step-by-step explanation:
48.75
Answer:
<u>Quick Ratio = 0.19. A quick ratio of 0.19 means that this company might not be able to fully pay off its current liabilities in the short term.</u>
Step-by-step explanation:
1. For solving this question, we need to use the Quick ratio formula, this way:
Quick Ratio = (Current Assets - Inventory - Prepaid Expenses) / Current Liabilities
2. Let's replace the formula with the real values:
Quick Ratio = (477.50 - 275 - 0)/ 1,075 (Prepaid Expenses = 0)
Quick Ratio = 202.50 / 1,075
Quick Ratio = 0.1884
<u>Quick Ratio = 0.19 (Rounding to two decimal places)</u>
3. Interpretation
A quick ratio below 1 means that the company might not be able to fully pay off its current liabilities in the short term, in this case it's 0.19 for this company. A quick ratio of 1 is considered to be the normal, as it indicates that the company is able to pay off its current liabilities with exactly enough assets to be immediately liquidated.
Your first step should be to plug in the q and f values they give you. q being 20 and f being 16. From there you want to isolate 1/p by subtracting the 1/20 from both sides. You should be left with 1/p = 1/16 - 1/20. This will come out to be 1/80 or 0.0125. Now that one side is 1/p and the other is 1/80 you can multiply both sides by p in order to get 1=1/80 times p which means that p = 80 . Hope this helps
OK so 80% of 8,200=6560
8,200-6560= 1,640
He lost 1,640