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atroni [7]
3 years ago
10

How successful is ABC Company relative to the industry average and leaders in the small specialty retail store industry? Write t

wo paragraphs or more. Include ratios found in the IBIS database to support your conclusion.
Business
1 answer:
Lerok [7]3 years ago
5 0

Answer: The first ratio, which is the current ratio have them sitting at 5.5 when the average for 2016-2017 was 1.7

Explanation:

From doing three ratios, ABC are doing well above average when it comes to the ratios carried out. The first ratio, which is the current ratio have them sitting at 5.5 when the average for 2016-2017 was 1.7 this doesn't mean they are worth meeting up with their target yet but it would require more loans and them building on what they currently have. This ratio informs them on their stand on taking more loans or not.

With an average of 2.0 in the 2016-2017 year, they are at a 1.2. The lower this ratio is the more debt they can put themselves in and not have to worry about if they could pay it off or not

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Using his skateboard, Edgar can travel 8 miles in 2 hours while his brother, Johnathon, can
Dovator [93]

Answer:

Edgar

Explanation:

When you find out how fast each person goes in one hour, Edgar goes farther the fastest.

5 0
3 years ago
Navy core values, though fundamental to Naval operations, are overlooked in a TCRM situation. A ) True B ) False
pshichka [43]

Answer:

The correct answer is B) False.

Explanation:

The values of the army must always be taken into account, because they are the fundamental pillar of the institution. Any task or function that is performed in it, must be in accordance with those values, since otherwise it would be going in reverse to its missionary task.

7 0
3 years ago
The Republic of Gizmovia wants to maintain the exchange rate of its currency, the gizmo, at $0.50, but the current exchange rate
lukranit [14]

Answer:

D) increase; decrease

Explanation:

in order to appreciate the currency by $0.10, the interest rates need to be increased. This will encourage people to save more and thus increase the demand for gizmo that will increase the exchange rate.

This increased interest rate will also decrease the capital outflow out of the country as more people will be willing to take advantage of higher interest on savings in the country than investing outside of the country to leverage opportunities. Thus option D is the right choice.

Hope that helps.

8 0
2 years ago
An economy is experiencing a recessionary gap. The government can​ ______.
Jobisdone [24]

Answer:

Increase expenditure or cut taxes to increase aggregate demand.

Explanation:

A recessionary gap is a macroeconomic term which portrays an economy working at a level underneath its full-employment equilibrium. Under a recessionary gap condition, the degree of real gross domestic product (GDP) is lower than the degree of full employment, which puts descending pressure on prices over the long haul.

6 0
3 years ago
Classify each of the following financial statement items based upon the major balance sheet classifications. select a major bala
seropon [69]

Answer:

Prepaid Advertising - Current Asset

Equipment - Property, Plant, and Equipment

Trademarks - Intangible Assets

Salaries and Wages payable - Current Liabilities

Income Tax payable - Current Liabilities

Retained Earnings - Stockholder's Equity

Account Receivable - Current Assets

Land (Held for future use) - Long term Investment

Patents - Intangible Asset

Bonds Payable - Long term Liability

Common Stock - Stockholder's Equity

Accumulated Depreciation -  Property, Plant, and Equipment

Unearned sales revenue - Current Liability

Explanation:

Balance Sheet of a company has different heads under which items are classified according to their nature. The major account heads for classification are Assets, Liabilities and Equity.

Prepaid Advertising and Account receivable are classified as current asset because this is expected to be used within a year.

Equipment is classified as Long term asset under the head, Property, Plant and Equipment. The equipment has estimated useful life more than a year then it is classified as Long term asset.

Trademarks and patents are classified as intangible assets, because they are not physical in nature.

Salaries and Wages payable, Income Tax payable and Unearned sales revenue are classified as Current liabilities. These expenses are due to pay within a year.

Retained Earnings and Common Stock are classified as Stockholders equity. The amount after subtracting all liabilities from total assets is referred to as Stockholder equity.

Accumulated depreciation is deducted from Property, Plant and Assets. This has negative sign and is a contra asset account.

5 0
3 years ago
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