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bezimeni [28]
3 years ago
7

Ace Industries has current assets equal to $5 million. The company's current ratio is 2.0, and its quick ratio is 1.6. What is t

he firm's level of current liabilities? What is the firm's level of inventories?
Business
1 answer:
Travka [436]3 years ago
7 0

Answer:

=1.25

Explanation:

Current ratio= current asset/ current liabilities

Current ratio= $5 million./ Current Liabilities

Cross multiply we have

But current ratio is 2.0

2= 5/ current liabilities

current liabilities= 5/2

=2.5million

Quick ratio= current Asset- inventory/current liabilities

1.5=( 5- inventory)/2.5

Cross multiply we have

1.5×2.5= ( 5- inventory)

3.75= ( 5- inventory)

inventory= 5-3.75

=1.25

Therefore, the firm's level of inventories is 1.25

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3 years ago
Assume the mplt = 5 tennis rackets and mplb = 4 baseball bats. if the economy has 100 workers, then the economy can produce?
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If the economy has 100 workers, then the economy can produce a maximum of 500 tennis rackets.

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2 years ago
The amount of the promissory note plus the interest earned on the due date is called the
yuradex [85]

Answer:

The amount of the promissory note plus the interest earned on the due date is called the maturity value.

Explanation:

Maturity value is the amount that has to be paid to an investor at the end of the debt's intrument period. The amount to be paid includes the interest earned during the  period of the investment and the amount of money invested.

3 0
4 years ago
The rate of return on total assets is computed by dividing _______
Sonbull [250]

Answer:

Dividing Net income by average total assets

Explanation:

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4 0
4 years ago
Read 2 more answers
Malcolm Industries recently hired a large number of workers for the company's new construction factory in Colorado. During the h
Arturiano [62]

The complete question should have been:

Malcolm Industries recently hired a large number of workers for the company's new construction factory in Colorado. During the hiring process, the management made a clear effort to recruit physically strong individuals because the work at the factory involves manual labor. The jobs need to be performed by individuals who have the energy and physical stamina to work for long hours. Which of the following surface-level characteristics did the company most likely concentrate on when selecting the new workers?

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D.) Religion

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Answer: Age.

Explanation:

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8 0
3 years ago
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