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yawa3891 [41]
3 years ago
10

Minnie knows that double entry has a lot of short-term debt coming due in the next year, and wants to make sure that the company

will have the ability to make the required payments. given a troubling downturn in construction activity over the past couple of months, she is not confident that double entry can count on selling its current inventory of doors before the debt comes due. which of the following ratios would be most relevant to minnie? a. current ratiob. debt to equity ratioc. return on salesd. acid-test ratio
Business
1 answer:
Ronch [10]3 years ago
7 0

Answer:

acid-test ratio

Explanation:

As we know that

Acid test ratio is also known as quick ratio in which the inventory should not be counted plus if any prepaid expenses is there than it also be deducted

The formula to compute the quick ratio is

Quick ratio = (Current assets - inventory - prepaid expenses) ÷ (current liabilities)

So according to the given situation, the minnie ha to make sure about the required payments plus it is also not confident about the inventory so for this she will be reliable on quick ratio

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2 years ago
A(n) _____ is a carefully crafted document that reflects the performance specifications of the project deliverables.
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A(n) _____ is a carefully crafted document that reflects the performance specifications of the project deliverables  .A project scope.

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2 years ago
Bill wants to give Maria a $590,000 gift in two years. If money is worth 12% compounded semiannually, what is Maria's gift worth
PtichkaEL [24]

Answer:

the present value is $467,335.2613

Explanation:

The computation of the value worth today is shown below:

= Amount in two years ÷ (1 + rate of interest)^number of years

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We simply applied the above formula so that the correct value could come

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