Answer: 3.39
Explanation: Current ratio can be defined as a liquidity ratio which is used by the accountants the evaluate the ability of the company to pay its short term obligations. It can be computed as follows :-
where,
current assets = $38,500 + $100,000 + $90,500 + $126,000 + $13,100 = $368,100
current liabilities = $108,400
now putting the values into equation we get :-
= 3.39
When a firm sells a product out of inventory, investment expenditures decrease, and consumption expenditures increase.
Answer:
The company's current ratio is 1.25.
Explanation:
The current ratio is calculated by dividing the current assets by the current liabilities:
current assets=$50000
current liabilities=$40000
current ratio=$50000/$40000
current ratio=1.25
According to this, the answer is that the company's current ratio is 1.25.
Answer: I think it is a not sure
Explanation:
Answer:
Explanation:
<u>2016 </u> 2017
Contract price = 2300000 2300000
Cost to date = (2100000) (2160000)
Further estimated Cost = (80000) 0
Profit = 120000 140000
Stage of completion = 2100/2180 = 96.33% 100%
As at Profit and loss
Revenue 2300*96.33 = 2215596.33 2300000
Profit 120*96.33 = -115596.3303 -140000
Cost of Sales = 2100000 2160000
For the period profit and loss
Revenue = 2215596 84404
Cost of sales = (2100000) 60000
Profit = 115596 24404