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Anna007 [38]
2 years ago
8

Good buys has current assets of $2,500,000 and current liabilities of $1,000,000. if they issue $50,000 of new stock, what will

their new current ratio be?
Business
1 answer:
Pani-rosa [81]2 years ago
3 0

Current ratio is equal to current assets divided by current liabilities. When Good Buys issues $50,000 of new stock, its cash increases by 50,000 and its Equity increases by the same amount. Liabilities, long term or current, are unaffected. Its new current ratio is 2,550,000 / 1,000,000 = 2.55

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Read 2 more answers
2019 2018 2017 2016 2015 Sales $ 672,736 $ 439,697 $ 356,030 $ 248,972 $ 185,800 Cost of goods sold 352,273 230,192 188,636 130,
drek231 [11]

Answer:

                                      2019        2018     2017      2016     2015

Sales                              362           237      192         134        100

Cost of goods sold       365           238      195         135        100

Accounts receivable    254           202       191          114        100

Explanation:

Note: See the attached excel file for the table showing how the trend percents are calculated.

Trend percents, often known as index numbers, can be described as percents that are used for comparing financial data across time to a based year or period. This can be calculated using the following formula:

Trend percents = (Analysis year amount / Base year amount) * 100 ........ (1)

Using equation (1), the following table shows the trend percents computed as follows:

                                     2019         2018     2017      2016     2015

Sales                              362           237       192         134        100

Cost of goods sold       365           238       195         135        100

Accounts receivable     254           202       191          114        100

Download xlsx
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3 years ago
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PtichkaEL [24]

Answer:

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Billboards are paid for; hence, they will be placed where there are likely to communicate to a broad audience. In rural areas, billboards are not economically viable due to the sparse distribution of people. For this reason, billboards do not pose any risks to people driving in rural areas.

Unpaved, poorly maintained roads,  Poorly lit roads at night, and  Wildlife or livestock crossing roads are characteristics or rural setting. Anyone driving in the upcountry is highly likely to encounter them.

8 0
2 years ago
Lightwire Co. made the decision a decade ago to make the copper wires it needs for its products in house rather than outsourcing
sineoko [7]

Answer: <em>Option (A) is correct</em>

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