________ are companies that pool investments from individuals and organizations to purchase a portfolio of stocks, bonds, and ot
2 answers:
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Answer:
And for the new case we know that the sales increase by a factor of 2%, so then we can find the new number of sales like this:
And the Total August sales would be given by:
And the correct answer for this case would be:
$63,750
Explanation:
For this case the original number of sales for this case is 5000 units and the unitary price is given by
And the total sales for the original case would be given by:
And for the new case we know that the sales increase by a factor of 2%, so then we can find the new number of sales like this:
And the Total August sales would be given by:
And the correct answer for this case would be:
$63,750
The above answer can be explained as under -
Given,
Current Liabilities = $ 4,590
Net working capital = $ 2,170
So, the current assets will be calculated as under -
Net working capital = Current assets - Current liabilities
$ 2,170 = Current assets - $ 4,590
Current assets = $ 2,170 + $ 4,590
Current assets = $ 6,760
The liquid or quick assets will be calculated as -
Current assets - Inventory = Quick assets
Quick assets = $ 6,760 - $ 3,860
Quick assets = $ 2,900.
Now,
1. Current ratio =
Current ratio = = 1.47
2. Quick ratio =
Quick ratio = = 0.63