Answer:
<u>Current Ratio :</u>
Camaro = 2.6
GTO = 3.5
Torino = 1.95
<u>Acid Test Ratio :</u>
Camaro = 1.3
GTO = 1.08
Torino = 0.84
Explanation:
The current ratio and acid-test ratio for each of the following separate cases will be as follows
Current ratio = Current Assets ÷ Current Liabilities
Camaro = 2.6
GTO = 3.5
Torino = 1.95
Acid Test Ratio = (Current Assets - Inventory) ÷ Current Liabilities
Camaro = 1.3
GTO = 1.08
Torino = 0.84
Answer:
$113,000
Explanation:
As we know ,
Working capital = Total current assets - total current liabilities
where,
Total current assets = Accounts receivable + cash + inventory + marketable securities + prepaid expenses
= $35,000 + $25,000 + $72,000 + $36,000 + $2,000
= $170,000
And, the total current liabilities = Accounts payable + accrued liabilities + short term notes payable
= $30,000 + $7,000 + $20,000
= $57,000
Now put the values to the above formula
So, the value would be equal to
= $170,000 - $57,000
= $113,000
Answer:
The asset turnover is 1.44 and return on assets is 0.37%
Explanation:
Average Total assets
Assets in the beginning $24,590
Assets at the end $23,300
Average assets $23945
Sales $34,450
Divide: Average assets $23945
Assets turnover ratio 1.44
Net Income $89
Divide: Average assets $23945
Return on assets 0.37%
Therefore, The asset turnover is 1.44 and return on assets is 0.37%
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