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3 years ago

What is Walmart's cash ratio for the year of 2018 (round it to 3 numbers after the decimal point -> 0.112)

1 answer:

3 0

Based on the cash and cash equivalents, as well as the current liabilities of Walmart, the cash ratio for Walmart in 2018 would be 0.086.

First find the current liabilities of Walmart in 2018.

<h3>Current liabilities in 2018</h3>

= Account payables + Accrued tax + Other payables + Short term borrowings + Short term finance lease + Short term operating lease + Current portion of debt

= 46,092 + 645 + 22,122 + 5,257 + 667 + 667 + 3,071

= $78,521

<h3 /><h3>What is the cash ratio?</h3>

Can be found by formula:

= Cash and cash equivalents / Current liabilities

= 6,756 / 78,521

= 0.086

In conclusion, this is 0.086.

Find out more on ratios at brainly.com/question/14770071.

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Dr Cash $190,190

Dr Due from Gannon Factors $14,630

Dr Loss on Sale of Receivables $16,280

Cr Accounts Receivable $209,000

Cr Recourse Liability $12,100

Dr Accounts Receivables $209,000

Cr Due to Customer $14,630

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Explanation:

Journal entries

Dr Cash $190,190

Dr Due from Gannon Factors $14,630

Dr Loss on Sale of Receivables $16,280

Cr Accounts Receivable $209,000

Cr Recourse Liability $12,100

Dr Accounts Receivables $209,000

Cr Due to Customer $14,630

Cr Interest Revenue $4,180

Cr Cash $190,190

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