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disa [49]
2 years ago
6

Data from Fontecchio Corporation's most recent balance sheet appear below:

Business
1 answer:
Sonbull [250]2 years ago
4 0

Answer:

the acid test ratio is 0.7 times

Explanation:

The computation of the acid test ratio is shown below;

Acid test ratio is

= Quick assets ÷ current liabilities

= (Cash + marketable securities + account receivable) ÷ current liabilities

= ($37,000 + $39,000 + $97,600) ÷ ($248,000)

= 0.7

Hence, the acid test ratio is 0.7 times

This is the answer but the same is not provided in the given options

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Answer:

the required time is 36 seconds

Explanation:

The computation of the required time is given below:

= Production time available ÷ desired output

= (8 hours × 60 minutes × 60 seconds) ÷ 800 units

= 28,800 ÷ 800

= 36 seconds

hence, the required time is 36 seconds

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3 years ago
Are facial movements that convey emotional messages
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What term refers to the knowledge, education, training, skills, and expertise of a firm's workers?
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3 years ago
Calculate the ROE using the Strategic Profit Model for a company with the following data: Profit margin = 12% Total asset turnov
Svet_ta [14]

Answer:

≅ 21.8%

Explanation:

The Return on Equity can be calculated by ,

ROE = Net Profit Margin × Return asset × Financial leverage

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Return Asset = Total Asset turnover = 1.4

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Consumer​ surplus:
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