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]
3 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]3 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
All sequences can be described as functions because what???
sleet_krkn [62]
Bc all the x’s are all different #
8 0
3 years ago
The following quote best describes ________. "The marvels of modern technology include the development of a soda can which, when
Alja [10]

Answer:

E)excessive markups

Explanation:

the car must was the must to the book

7 0
3 years ago
Which of the following statements is CORRECT?
OleMash [197]

Answer:

d.

Explanation:

The relevant WACC can change depending on the amount of funds a firm raises during a given year. Moreover, the WACC at each level of funds raised is a weighted average of the marginal costs of each capital component, with the weights based on the firm's target capital structure.

The weighted average cost of capital is the rate that a company is expected to pay on average to all its security holders to finance its assets.

7 0
4 years ago
The currency of the united states consists primarily of metal coins and paper money.
Mariulka [41]
Answer: True

U.S currency is dollar bills (1, 5, 10, and 20) and coins (Pennie’s, Nickels, Dimes, Quarters)
3 0
2 years ago
Lan works in the IT department at Pleasant Valley Health Partners. He feels encouraged to
Veronika [31]

Policies are often regarded as guarding principles. They are set up to help to guard individuals, organizations and the society in their decision making process.

  • This policy reflects Theory Y attitude about workers.

Theory Y is a common known theory of human work motivation and management. It was created by Douglas McGregor to show the different models of workforce motivation.

It is often used by managers in human resource management, organizational behavior, organizational communication and organizational development.

This theory shows the motivating role of job satisfaction and boast workers morale to approach tasks without direct supervision.

Conclusively, Management use Theory Y can infuence employee motivation and productivity in different ways, as they believe that employees are internally motivated, like their job, and do hard work without a direct reward back.

Learn more from

brainly.com/question/13873786

7 0
3 years ago
Other questions:
  • Bonnie and clyde are newly married college graduates. both have jobs with bright futures. one strategy that they could use to ac
    6·1 answer
  • Sheridan Company purchased $1750000 of 10% bonds of Scott Company on January 1, 2021, paying $1650375. The bonds mature January
    15·1 answer
  • Global Commerce Corporation purchased trading debt investments for $136,000 on December​ 31, 2018. There is a decrease of $3,400
    5·1 answer
  • The Proclamation of 1763 declared that _____. the french
    6·1 answer
  • If the supply of a product decreases and the demand for that product simultaneously increases, then equilibrium: price must rise
    10·1 answer
  • On May 1, 2017, Sandhill Co. purchased the copyright to Monty Corp. for $104400. It is estimated that the copyright will have a
    10·1 answer
  • Which of the following is an asset use transaction?
    14·1 answer
  • On January 1, 2020, Blue Co. purchased 24,000 shares (a 10% interest) in Elton John Corp. for $1,300,000. At the time, the book
    6·1 answer
  • Do you like lauge arts it is supper fun in cool
    12·1 answer
  • a group of friends were working on a student film. they spent $54 on costumes, which was 9% of their total budget. what was the
    15·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!