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Anastasy [175]
3 years ago
9

g Privett Company Accounts payable $33,411 Accounts receivable 66,433 Accrued liabilities 6,512 Cash 22,494 Intangible assets 37

,191 Inventory 89,982 Long-term investments 110,819 Long-term liabilities 75,872 Marketable securities 34,976 Notes payable (short-term) 29,393 Property, plant, and equipment 671,232 Prepaid expenses 1,809 Based on the data for Privett Company, what is the quick ratio, rounded to one decimal point
Business
1 answer:
uranmaximum [27]3 years ago
6 0

Answer:

1.79

Explanation:

Quick ratio = (Current assets - Inventory - Prepaid expenses) / Current liabilities

Quick ratio = (Account Receivable + Cash + Marketable securities) / (Account Payable + Accrued liabilities + Notes payable)

Quick ratio = (66,433 + 22,494 + 34,976) / (33,411 + 6,512 + 29,393)

Quick ratio = $123,903 / $69,316

Quick ratio = 1.78751

Quick ratio = 1.79

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Using the information below for Sundar Company; determine the total manufacturing costs added during the current year:
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Answer: $96,500

Explanation:

Manufacturing cost includes all the costs that went into production in a period including direct costs and manufacturing overhead:

= Direct materials + Direct labor + Manufacturing Overhead

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3 years ago
Exhibit 9-1 Refer to Exhibit 9-1. If the economy is self-regulating, the price level is:_________.
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Explanation:

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This means that Prices in the long term at equilibrium will be less than prices in the short term at Equilibrium should the Economy be a self regulating type that will move towards a long term Equilibrium.

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3 years ago
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Answer:

B. $14,600

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Annual cash inflows are $14,600.

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3 years ago
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