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
Marc agrees to sell Diana 500 copies of a book for $3.50 per book. Marc breaches the contract by not delivering the books. At th
Lesechka [4]

Answer:

$500

Explanation:

Damages refer to the financial loss suffered by a party to a breached contract. It occurs as a result of one party refusing to perform their obligation in the contract, causing injury and losses to the other.

Damages are the extra expense incurred by the offended party due to the breach of contract. The calculation of damages involves getting the difference between the market price and the contract price. For Diana, the damages will be the market price of $4.50, and the contact price $3.50. Because the books were 500, her damage would be 500 X 1 = $500.

6 0
3 years ago
When Steven askes questions in an open-minded way, he avoids:
Elenna [48]
Attacking someone else's opinion. I hope this helps!
3 0
3 years ago
Read 2 more answers
Sandhill Company had cash receipts from customers in 2020 of $117,140. Cash payments for operating expenses were $104,320. Sandh
andriy [413]

Answer:

(a) service revenue = $117,920

(b) operating expenses = $98,110

Explanation:

The computations are shown below:

a. For service revenue

= Cash receipts from customers + ending balance account receivable - beginning balance of accounts receivable

= $117,140 + $15,400 - $14,620

= $117,920

b. For operating expenses

= Cash payments for operating expenses + beginning balance of prepaid expense - ending balance of prepaid expense

= $104,320 + $20,400 - $26,610

= $98,110

3 0
3 years ago
PLS NEED HELP IM BEHIND BAD
Leto [7]
Retail workers

Expiration: retail workers
3 0
2 years ago
Read 2 more answers
Use the information in Exhibit 64 to answer the following question. Given the sector information in Exhibit 64, what could be co
S_A_V [24]

Company D was able to gain market share by targeting a niche market with a new product.

A niche market is a section of a bigger market that may be defined by means of its own particular desires, options, or identification that makes it distinct from the market at huge. As an example, in the marketplace for ladies' footwear are many different segments or niches.

A spot marketplace is the subset of the marketplace on which a specific product is focused. The marketplace area of interest defines the product features aimed at pleasing specific market desires, in addition to the fee range, production great, and the demographics that it's far supposed to goal. it's also a small market section.

An eCommerce niche is a distinct section inside any given marketplace and is frequently an area that is neglected by other agencies. Examples of niches include handmade objects, puppy meals or puppy owners, latest t-shirts, products, beauty products, devices, or other trending products.

Learn more about niche market here brainly.com/question/22825524

#SPJ4

3 0
2 years ago
Other questions:
  • ncome Statements under Absorption Costing and Variable Costing Gallatin County Motors Inc. assembles and sells snowmobile engine
    7·1 answer
  • H. Tillman performed legal services for J. Laney. Due to a cash shortage, an agreement was reached whereby J. Laney. would pay H
    11·1 answer
  • Two conditions allow a single seller to become a monopolist. those two conditions are that the firm must:
    14·1 answer
  • Omega Inc. expects its net income to be $525,000 this year. The firm's dividend payout ratio is 60 percent. The firm is financed
    9·1 answer
  • Which of the following statements is correct?
    5·1 answer
  • The All-Star Basic Value Fund's portfolio is valued at $250 million. The fund has liabilities of $23 million, and the fund’s net
    8·1 answer
  • A letter to your headmaster telling him the reasons you want to change your course​
    14·1 answer
  • What is one main feature of the free enterprise system
    15·1 answer
  • CSUN Corp. reported EBITDA of $2,767,000 for the fiscal year ended December 31, 2019. During the same period, the company had $1
    11·1 answer
  • During some year a country had exports of $50 billion, imports of $70 billion, and domestic investment of $100 billion. what was
    8·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!