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2 years ago

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

Business

1 answer:

Nataly_w [17]2 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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3 years ago

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3 years ago

Grand River Corporation reported pretax book income of $620,000. Included in the computation were favorable temporary difference

Alex

Answer:

The corporation's current income tax expense or benefit would be $86,940.

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Explanation:

Details Amount ($)

Pretax book income 620,000

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Unfavorable temporary differences 106,000

Favorable permanent differences (152,000)

Adjusted income 414,000

Tax expenses (at 21%)  (86,940) 

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3 years ago

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

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