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aev [14]
3 years ago
5

Presented below is information available for Concord Corporation. Current Assets Cash $ 4500 Short-term investments 50500 Accoun

ts receivable 66000 Inventory 86000 Prepaid expenses 35000 Total current assets $ 242000 Total current liabilities are $50000. The acid-test ratio for Concord is:
Business
1 answer:
disa [49]3 years ago
3 0

Answer:

2.42 times

Explanation:

The computation of the acid test ratio is shown below:

Acid test ratio = Quick Assets ÷ Current liabilities

where,

Quick Assets = Cash + short term investment + account receivable

                      = $4,500 + $50,500 + $66,000

                      = $121,000

And, the current liabilities is $50,000

So the acid test ratio is

= $121,000 ÷ 50,000

= 2.42 times

Basically we applied the above formula to find out the acid test ratio

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Answer: A) The practitioner incorporating the principles of therapeutic use of self.

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4 0
3 years ago
It appears that kkr is willing to pay a lot more for rjr than the market value of rjr before the takeover contest. what are the
erastova [34]

The justification was that the superior financing of the KKR bid would require less gutting of the company to pay off debts

<h3>What is debts?</h3>

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5 0
1 year ago
Why is the location of a business important to the success of that business?
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5 0
3 years ago
An operational plan provides a detailed road map of the steps necessary to achieve operational goals (sometimes referred to as o
lesya692 [45]

Answer: single use plan

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4 0
3 years ago
The account that is brought up to date after the closing entries have been journalized and posted is the ____.
yanalaym [24]

Complete/Correct Question:

The account that is brought up to date after the closing entries have been journalized and posted is the ____.

A. Sales account

B. Purchases account

C. Capital Stock account

D. Retained Earnings account

Answer:

D, retained earnings account

Explanation:

Retained earnings can be defined as the accumulated income of a firm, that is retained by firm, after a certain period of time. After a certain time could be after the reporting period.

Simply put, retained earnings can be said to be the amount of income that a firm keeps after a period such as declaring financial reports.

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Cheers.

5 0
2 years ago
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