1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Kamila [148]
2 years ago
9

Current Position Analysis The following data were taken from the balance sheet of Nilo Company at the end of two recent fiscal y

ears: Current Year Previous Year Current assets: Cash $414,000 $320,000 Marketable securities 496,800 336,000 Accounts and notes receivable (net) 619,200 464,000 Inventories 351,900 272,000 Prepaid expenses 188,100 208,000 Total current assets $2,070,000 $1,600,000 Current liabilities: Accounts and notes payable (short-term) $675,000 $600,000 Accrued liabilities 225,000 200,000 Total current liabilities $900,000 $800,000
Determine for each year:

a. The working capital
b. The current ratio
c. The quick ratio.
Business
1 answer:
weqwewe [10]2 years ago
8 0

Answer:

a. net working capital (current year) = $1,170,000

net working capital (previous year) = $800,000

b. current ratio (current year) = 2.3

current ratio (previous year) = 2

c. quick ratio (current year) = 1.91

quick ratio (previous year) = 1.66

Explanation:

net working capital = current assets - current liabilities

current assets = $2,070,000, $1,600,000

current liabilities = $900,000, $800,000

net working capital (current year) = $2,070,000 - $900,000 = $1,170,000

net working capital (previous year) = $1,600,000 - $800,000 = $800,000

current ratio = current assets / current liabilities

current ratio (current year) = $2,070,000 / $900,000 = 2.3

current ratio (previous year) = $1,600,000 / $800,000 = 2

quick ratio = (current assets - inventory) / current liabilities

inventory = $351,900, $272,000

quick ratio (current year) = ($2,070,000 - $351,900) / $900,000 = 1.91

quick ratio (previous year) = ($1,600,000 - $272,000) / $800,000 = 1.66

You might be interested in
Cotton Brokers, Inc., enters into a contract to sell denim clothing to Delite Natural Fashion store, which in turn sells a pair
sergiy2304 [10]

Answer:

B

Explanation:

In comparison to standards that apply to consumers, the UCC imposes on merchants Special business standards.

3 0
3 years ago
How would you write a business memorandum to this topic?
Artyom0805 [142]

Answer:

To ,

The Concern specialists/Editor/Citizens  

Subject: To Generate Cash for social assistance right now tempest and debacle .  

Dear partners ,  

We are confronting an incredible test to loss of our home and harms to our infrastructural improvement . As, I am another business visionary . I wish to contribute cash to greatest individuals with the goal that they can fix their home. This can not be conceivable without your important commitment and backing. I demand each resident , understudies, clients of treats, specialists and so forth to contribute wilfully at all you wish to do right now cause and at the hour of crisis.  

Looking for your gifts and an important commitment.  

Yours Sincerely,  

SALLY  

Proprietor AND SOLE PROPRIETOR  

CALIFORNIA COOKIES  

USA

3 0
3 years ago
Types of Control Systems Controlling is one of the basic functions of management. It is critical to an organization's effectiven
Annette [7]

Answer: Option D

Explanation: In simple words, controlling refers to the function of management in which manager sets the standards of performance, compares the performance with the standards and take corrective actions in case of any discrepancy.

Controlling helps the organisation to achieve its goals by making the employees working towards the same goal determined in the planning stage. Controlling sets the standards of performance for the employees which works as a guide in their job.

Hence the correct option is D.

5 0
3 years ago
Turnover Pulse hypothesis states that ____ eaters faced high rates of extinction during the ice ages
Alisiya [41]

The turnover Pulse hypothesis states that generalist eaters confronted excessive charges of extinction during the ice a long time.

The pulsed climate variability framework indicates there are durations of extreme weather variability every 400 or 800 kyr pushed via the eccentricity maxima while lakes rapidly develop and fill tons of the Rift Valley and then unexpectedly disappear.

Phylogenetic turnover quantifies the evolutionary distance among species assemblages and is principal to expertise the main drivers shaping biodiversity. its miles affected each by means of the geographic and environmental distance between websites.

The theory is that the savannah became increasing because of increasingly more arid situations, which then drove the hominin version.

Learn more about Pulse hypothesis here: brainly.com/question/23086833

#SPJ4

5 0
2 years ago
For a given level of inflation, if a rise in the stock market makes consumers more willing to spend (the wealth effect), then th
professor190 [17]

Answer:

aggregate demand curve; right

Explanation:

Inflation can be regarded as

when the level of price of goods/service increases for consumer to buy, it can be measured as a result of change in price. There are four types of level of inflation which are creeping, walking as well as galloping, and hyperinflation, which are measured base on speed. It should be noted that For a given level of inflation, if a rise in the stock market makes consumers more willing to spend (the wealth effect), then the aggregate demand curve shift right

4 0
2 years ago
Other questions:
  • On January 1, JC Co. accepted a 60-day, 6%, note in the amount of $10,000 from a customer. On March 2, the due date of the note,
    5·1 answer
  • Which loan type requires you to make loan payments while you’re attending school
    5·1 answer
  • Bonita uses the periodic inventory system. For the current month, the beginning inventory consisted of 7300 units that cost $12.
    14·1 answer
  • (consider this) consumers might leave a fast-food restaurant without being served because:
    6·1 answer
  • High quality goods and services are made available to consumers because of producers __________.
    10·2 answers
  • The relevant range of activity refers to the_______________.
    13·1 answer
  • Pearson Motors has a target capital structure of 45% debt and 55% common equity, with no preferred stock. The yield to maturity
    10·1 answer
  • At December 31, 2016, Finzelberg Company had a credit balance of $15,000 in Allowance for Doubtful Accounts. During 2017, Finzel
    6·1 answer
  • Calculate the value of a bond that matures in 12 years and has a $ 1 comma 000 par value. The annual coupon interest rate is 13
    8·1 answer
  • Lewis Incorporated and Clark Enterprises report the following amounts for the year. Lewis Clark Inventory (beginning) $ 16,000 $
    7·2 answers
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!