Answer:
the quick ratio is 1.4 times
Explanation:
The computation of the quick ratio is given below:
Quick ratio is
= (Cash + Accounts receivables) ÷Current liabilities
= ($120,000 + $80,000) ÷ $140,000
= 1.4 times
hence, the quick ratio is 1.4 times
The same should be considered and relevant
Answer:
Quick ratio = 1.33, NWC to Total assets = 0.15
<u>Explanation:</u>
Given:
Current assets = $30000
Total assets = $100,000
Inventories = $10,000
Cash = $5000
Total liabilities = $30,000
Current liabilities = $15000
Notes payable = $2000
To calculate firm’s quick asset and NWC-to-Total-Assets ratios, formulas need to be applied:
Quick ratio = (Current assets-inventory)/Current liabilities
= (30000-10000)/15000
= 1.33(Approx)
NWC to total assets = Net working capital/Total assets
NWC=Current Assets-Current liabilities
= (30000-15000) = $15000
Hence NWC to Total assets = (15000/100,000)
= 0.15
I believe it's B. can be done for public use.
Answer: Option D
Explanation: Depreciation refers to the wearing and tearing of asset that occurs due to the usage of it. This is usually calculated on fixed assets having finite useful life.
Therefore, depreciation can occur only after the asset is put into use for business operations and is generating revenue to the company. In the given case the asset purchased has been into use on February 1 , year 2, therefore depreciation should begin from this date.
Section A = 22,500 seats
section B = 14,900 seats
section C = 7,600 seats
