Airline Accessories has the following current assets: cash, $96 million; receivables, $88 million; inventory, $176 million; and
other current assets, $12 million. Airline Accessories has the following liabilities: accounts payable, $86 million; current portion of long-term debt, $29 million; and long-term debt, $17 million. Based on these amounts, calculate the current ratio and the acid-test ratio for Airline Accessories. (Enter your answers in millions, not in dollars. For example, $5,500,000 should be entered as 5.5.)
1 answer:
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Answer:
GDP contribution is $6.
Explanation: GDP refers to the market value of final goods and services produced withing the national territory of a country.
Using the value added method, we can calculate GDP by summing up the value added at each level of production.
Or
Using the expenditure approach, GDP is the market value of the final good sold to the customer.
GDP = Cost of bread to the engineer = $6