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vaieri [72.5K]
3 years ago
8

Hilton's​, a​ home-improvement store​ chain, reported these summarized​ figures:_______.

Business
1 answer:
Nataly_w [17]3 years ago
8 0

Answer:

a. 2017 ⇒ 1.50

   2016 ⇒1.58

b. Deteriorate

Explanation:

a. Current ratio 2017

= Current Assets / Current liabilities

= 6,708,700 / 4,470,000

= 1.50

Current ratio 2016

= 5,848,000 / 3,700,000

= 1.58

b. The current ratio went from 1.58 in 2016 to 1.50 in 2017 which would mean that it deteriorated.

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Answer:

A) $ 1,200

Explanation:

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Total credit sales                                                                              $ 300,000

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Available balance in allowance for uncollectible account             <u> $       300</u>

Additional amount to be recorded in allowance account              <u> $     1,200</u>

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