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anyanavicka [17]
3 years ago
8

Suppose the following selected condensed data are taken from a recent balance sheet of Bob Evans Farms (in millions of dollars).

Business
1 answer:
Shalnov [3]3 years ago
3 0

Answer:

The answer is

1. -$96 million

2. 0.52:1

Explanation:

1. Working capital = total current assets - total current liabilities

Current assets:

Cash. $ 31.9 million

Accounts receivable $21.0 million

Inventory $28.1 million

Other current assets. $23.0 milllion

Total current assets $104.0 million

And current liabilities is$200.0 million

Therefore, working capital is:

$104 - $200

= -$96 million

2. Current ratio = current assets/current liabilities

$104 million / 200 miliion

=0.52:1

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Answer:

A well-developed strategy is easier to implement than one that has not received sufficient thought. Create strategies that can be effectively implemented by specifying clear objectives and projecting measurable milestones. Align these strategic steps with your company's overall mission.

Explanation:

4 0
2 years ago
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Gross profit is equal to a. sales plus cost of goods sold b. sales less selling expenses c. sales less cost of goods sold d. sal
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Answer:

sales less cost of goods sold

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I hope my answer helps you

8 0
3 years ago
All of the following statements regarding Government National Mortgage Association (GNMA) pass-through securities are true EXCEP
trasher [3.6K]

Answer:

B) GNMAs are considered to be the riskiest of the agency issues

Explanation:

The Ginnie Mae or GNMA pass through securities are mortgage backed. The Great recession taught us that mortgage backed securities are not always 100% secure, but they are still considered secure investments basically because they are guaranteed by the US government. They are similar to the securities sold by the US Treasury.

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3 0
3 years ago
Ames Trading Co. has the following products in its ending inventory.
Jobisdone [24]

Answer:

Product                 Qty    Cost     Market      LCM           Result

Mountain Bikes      30     $700    $650       30*650      $19,500

Skateboards           26     $230    $260       26*230      $5,980

Gliders                     12     $870     $830       12*830      $ 9,960

7 0
3 years ago
Thornbrough Corporation produces and sells a single product with the following characteristics: Per Unit Percent of Sales Sellin
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Answer:

-$5,500

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The computation of the overall effect on the company net operating income is as follows:

New Variable cost per unit is

= $44 + $11

= $55

Now the new contribution margin per unit is

= $220 - $55

= $165

New unit Monthly sales is

= 7,000 units + 500 units

= 7,500

Now

New total contribution margin :

= 7,500 units × $165

= $1,237,500

And, the Current total contribution margin is

= 7,000 units × $176

= $1,232,000

So, the change would be

= $1,232,000 - $1,237,500

= -$5,500

6 0
2 years ago
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