All categories

3 years ago

Larkspur Company has been operating for several years, and on December 31, 2020, presented the following balance sheet.

Business

1 answer:

Nikitich [7]3 years ago

8 0

Answer:

a. Current Ratio = (Cash + Receivables + Inventory) / Accounts Payable

Current Ratio = $36,400+$69,200+$99,300 / $141,500

Current Ratio = 1.448056537102473

Current Ratio = 1.45

b. Acid-test Ratio = (Cash + Receivables) / Accounts Payable

Acid-test Ratio = ($36,400+$69,200)/$141,500

Acid-test Ratio = 0.7462897526501767

Acid-test Ratio = 0.75

c. Debt to Assets Ratio = (Accounts Payable + Mortgage Payable) / Total Assets

Debt to Assets Ratio = $78,100 +$141,500/ $442,600

Debt to Assets Ratio = 0.4961590600994126

Debt to Assets Ratio = 49.62%

d. Return on Asset = Net Income / Total Assets

Return on Asset = $25,000 / $442,600

Return on Asset = 0.0564844103027564

Return on Asset = 56.48%

You might be interested in

Some observers had argued that Uber’s greatest problem was not any of its scandals, but its CEO Travis Kalanick. Now that Kalani

emmainna [20.7K]

Answer:

Answer for the question

Some observers had argued that Uber’s greatest problem was not any of its scandals, but its CEO Travis Kalanick. Now that Kalanick no longer serves that role, how much better off is Uber really? Where do you come down? Do you think Kalanick’s reduced profile will turn the tide for Uber? Or is Kalanick’s drive and competitiveness necessary to Uber’s continued success, regardless of the title he holds? If you were on the board, what would you recommend? And why?

Is given in the attachment.

Explanation:

3 0

3 years ago

Express the following comparative income statements in common-size percents. (Round your percentage answers to 1 decimal place.)

Mila [183]

Answer: Cost of Goods sold

Explanation:

Common size analysis refers to making all entries in the income statement, a percentage of sales for that year.

Current Year Prior Year

Sales 100% 100%

Cost of Goods sold 75.7% 46.5%

Gross Profit 24.3% 53.5%

Operating expenses 17.3% 35%

Net Income 7.0% 18.5%

<em>Looking at the percentages above, one can see that the COGS increased the most from the previous year by going from 46.5% to 75.7% representing an increase of 29.2%.</em>

<em>This had the most impact on Net income as it substantially reduced Gross profit. </em>

8 0

3 years ago

An economy is employing 2 units of capital, 5 units of raw materials, and 8 units of labour to produce its total output of 640 u

arlik [135]

Answer:

B) $.10.

Explanation:

All the cost used in the production process is called production cost.

Capital cost = Units x Cost per unit = 2 x $10 = $20

Raw Material cost = Units x Cost per unit = 5 x $4 = $20

Labor cost = Units x Cost per unit = 8 x $3 = $24

Total Cost = Capital cost + Raw Material cost + Labor cost

Total Cost = $20 + $20 + $24 = $64

Cost per unit = Total cost / Number of units = $64 / 640 = $0.10

6 0

3 years ago

ASAP I WILL GIVE BRAINLEST AND ILL PAY YOU

REY [17]

Answer:

The dollar has depreciated relative to the euro

Explanation:

If I exchange you a lesser amount of money in U.S. currency for a bigger amount in Euros when trading money, that means the value of my money is more. So if I were to exchange $1000 for 750 euros instead of 800 euros, the value of a euro eithed went up or the value of a U.S. dollar went down

8 0

2 years ago

At the completion of a long project, aileen gives her assistant a day off with pay to acknowledge all of his hard work. This is

SVEN [57.7K]

At the completion of a long project, aileen gives her assistant a day off with pay to acknowledge all of his hard work. This is an example of reward power.

<h3>What is reward?</h3>

The reward system is a collection of brain structures that are responsible for incentive salience, associative learning, and positively-valenced emotions, particularly those that have pleasure as a key component.

When it comes to benefits and incentives, rewarding employees is one of the most effective strategies to increase retention and employee happiness. According to Think Smart research, firms that use incentive programs achieve their goals with a 79 percent success rate when the right reward is presented.

78 percent of employees said recognition stimulates them in their job, while a combined 68 percent of respondents in REBA's The Rewards Report 2016 indicated recognition with a reward helped them feel valued or motivated at work.

To know more about reward follow the link:

brainly.com/question/26050680

#SPJ4

3 0

1 year ago