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ANEK [815]
3 years ago
14

Displays more information on the spreadsheet?

Business
1 answer:
nignag [31]3 years ago
6 0

<em>When you ask a question like this, you have to include a picture of what you are talking about. I'll walk you through the process. When you first start asking a question there is an option for a little paperclip on the bottom of the question box. Click on that and then select the file (the photo is considered a file by the computer) then type in what the question is and simple hit ask question. Now it will post the picture along with your question.</em>

<em />

<em>Hope this helps,</em>

<em>Miri</em>

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Company A uses the FIFO method to account for inventory and Company B uses the LIFO method. The two companies are exactly alike
ANEK [815]

Quick ratio is 1.47.

Company A uses the FIFO method to account for inventory and Company B uses the LIFO method. The quick ratio is an indicator of a company’s short-term liquidity position and measures a company’s ability to meet its short-term obligations with its most liquid assets.

Gross Profit 72000 67000

Operating expenses and interest expense 56000 53000,

Pretax Income 2200014000

Income Tax 3000 4000

Net Income 14000 10000

Balance sheet Year? Year

cash 4000 7000

Accounts Receive ab 114000 18000

Taventory 40000 34000,

Property & Equipment 45000 36000

Total Assets 302000 97000

Current Liabilities ‘i6000 4.7000

Long term Liabilities 5000 45000

Common stock 30000 30000

Retained Earnings 1120005000

Total Liabilities & Stock holders equity 10300037000,

L. Current Ratio = Current Assets / Current Liabilities

Year? Year

Current Ratio 36347

2.Quick Ratio

‘Current Assets - Inventory / Current Liabilities

Year? Year

Quick Ratio is 1.47

2.Profit Margin = Net profit /Sales

Year? Year

Profit Margin 737% 5.99%

Learn more about quick Ratio here

brainly.com/question/25894261

#SPJ4

4 0
2 years ago
The pharmaceutical industry often justifies the high prices for new drugs by arguing that they research as many as one hundred n
gizmo_the_mogwai [7]
Blockbuster is your answer
3 0
4 years ago
EB1. 
aleksandr82 [10.1K]

Answer:

$110

Explanation:

The contribution margin per unit refers to the revenue available per unit to pay for fixed costs and profits.

The formula for contribution margin is selling price per minus variable costs per unit.

, i.e., contribution margin = selling price -variable costs

=$150-$40

=$110

8 0
4 years ago
Bayer Company uses the periodic inventory system. Bayer Company sold goods on account with a retail price of $ 1 comma 800 and a
kaheart [24]

Answer:

1400[ add 1 +500+800=1400

Explanation:

3 0
3 years ago
Blake’s Manufacturing sells unfinished wood pieces for $150 each. The manager reported 280 defective wood pieces in inventory, w
mixas84 [53]

Answer:

$30,800

Explanation:

This can be calculated as follows:

Standard price revenue = $150 × 280 = $42,000

Original cost = $20 × 280 = $5,600

Defective sales revenue = $30 × 280 = $8,400

Extra processing cost = $10 × 280 = $2,800

Actual revenue forgo from defective sales = Defective sales revenue - Extra processing cost

Actual revenue forgo from defective sales = $8,400 - $2,800 = $5,600

Total incremental income = Standard price revenue - Original cost - Actual revenue forgo from defective sales

Total incremental income = $42,000 - $5,600 - $5,600 = $30,800

Therefore, the total incremental income from further processing is $30,800.

5 0
3 years ago
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