1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
vodka [1.7K]
3 years ago
15

The following items are reported on a company's balance sheet: Cash $100,000 Marketable securities 50,000 Accounts receivable (n

et) 60,000 Inventory 70,000 Accounts payable 140,000 Determine (a) the current ratio and (b) the quick ratio. Round to one decimal place. a. Current ratio fill in the blank 1 b. Quick ratio fill in the blank 2
Business
1 answer:
olchik [2.2K]3 years ago
4 0

Answer:

a. 2.00

b. 1.50

Explanation:

The Current and Quick ratios are both liquidity ratios that are used to determine the ability of a company to pay off its current liabilities with current assets.

a. Current Ratio

= Current assets / Current liabilities

= (100,000 + 50,000 + 60,000 + 70,000) / 140,000

= 2.00

b. Quick ratio

= (Current assets - Inventory) / Current liabilities

= (100,000 + 50,000 + 60,000) / 140,000

= 1.50

You might be interested in
T or F #9 LAST ONE QUICKLYYY
Vitek1552 [10]

Answer:

TRUE OK BRO I AM HERE FOR U

3 0
3 years ago
Lupita grows cantaloupes in central florida and is in a perfectly competitive market. the marginal physical product of labor is
Elis [28]
<span>The formula for determining the marginal revenue product of labor is marginal physical product (expressed in units) times the price per unit. Therefore, the marginal revenue product of labor of Lupita's farm is $20.</span>
6 0
3 years ago
Megan is a salesperson for an industrial chemical manufacturer. While reviewing her new leads, Megan learned that two of the lea
kati45 [8]

Answer:

B) they do not have a need for the products or services her company is offering

Explanation:

The reason why Megan will not consider the two prospects qualii leads is if they do not need her companie's products.

For these other options, they have the need but need further follow-up

a. They do not have the budget or financial resources to purchase the product.

c. They are too busy to meet with salespeople.

d. They do not have the authority to make a purchase decision.

e. They are not in her company's target market.

5 0
3 years ago
What are the 8 Consumer Rights
Alinara [238K]
The right to satisfaction of basic needs
The right to safety
The right to be informed
The right to choose
The right to be heard
The right to redress
The right to consumer education
The right to a healthy and sustainable environment

There are your 8. :)
6 0
3 years ago
Podcasts and Wikis Work for Business Podcasts and wikis are part of Web 2.0, which allows users of the web to create content. Pr
Contact [7]

Answer:

b. Project management

Explanation:

Wikis can be used to provide highly interactive environment which is necessary for the project management, as it helps to collaborate, facilitate feedback, and store the information for future use.

5 0
3 years ago
Other questions:
  • "suppose that over the course of a year 100 people are unemployed for 4 weeks each (the short-term unemployed), while 10 people
    13·1 answer
  • Adjusting Entries for Accrued SalariesGarcia Realty Co. pays weekly salaries of $26,500 on Friday for a five-day workweek ending
    7·1 answer
  • Sue is 10 years old and would like to make a down payment on a vehicle when she is 16 years old. She currently has $2,000. What
    6·1 answer
  • Which best explains the difference between fiat money and commodity money?
    11·2 answers
  • What is the process of determining the present value called?
    7·1 answer
  • the temporary difference is $60 million. Payne has no other temporary differences and no valuation allowance for the deferred ta
    12·1 answer
  • Which of the following are reasons to write a business plan?
    8·2 answers
  • Question text
    10·2 answers
  • Which of the following is NOT listed on a balance sheet?
    10·1 answer
  • Ɏ₳₦₭ɆɆ ₩ł₮Ⱨ ₦Ø ฿Ɽł₥
    8·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!