All categories

2 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.

You might be interested in

The Payroll records of Oregon Mist contained the following information for the month of November: Salaries $ 350,000 FICA Taxes

uysha [10]

Answer: D. debit to Payroll Tax Expense of $26,950.

Explanation:

We should note that the payroll tax expense will consist of the federal unemployment tax, the state unemployment tax and the FICA taxes. This will then be:

= 3500 + 1750 + 21700

= 26950

Therefore, the journal entry to record the monthly Payroll Tax Expense would include debit to Payroll Tax Expense of $26,950.

8 0

3 years ago

A record of payroll infornation including computation of gross and net pay, for each employee for the pay period is called a:___

suter [353]

A record of payroll infornation including computation of gross and net pay, for each employee for the pay period, is called a payroll register

A payroll register is a tool that records each employee's payroll information (gross pay, deductions, withholding tax, net pay, and other payroll-related information) for each pay period and pay date.

TERMS USED IN THIS SENTENCE (33) Accounts Payable Clerk checks payroll for accuracy and produces cash receipts for payroll amounts. Employee checks are drawn from this account and are used only for payroll purposes. Before you can cash your paycheck, you must transfer funds from your general cash account.

A payroll book is a printed or electronic spreadsheet that records key employee payroll information for a specific payroll period. Extension definition. A payroll book helps employers conveniently track employee payroll information.

Learn more about net pay here: brainly.com/question/4356180

#SPJ4

5 0

1 year ago

Think of a situation when you received a bad news with direct pattern (without any buffer). How did you react in that situation?

Dahasolnce [82]

Bajáis s and sjsisiejen ejejd

5 0

3 years ago

Read 2 more answers

Barrington Mills Manufactures denim cloth from two primary raw materials, cotton and dye. Work-in-process includes lapped cotton

8_murik_8 [283]

Answer:

weeks of supply 2,7122857

Explanation:

17,500,000 / 50 weeks = 350,000 COGS per week

<u>current finished inventory: </u>

250 x $ 65 = 16,250

190 x $ 80 = 15,200

310 x $ 105 =<u> 32,550</u>

Total 64,000

<u><em>cost added:</em></u>

70,000 materials x $ 2.75

125,000 materials x $ 5.00

<em>total 817500</em>

2,000 rolls x $ 10.50

5,000 spools x $ 6.75

500 rolls x $ 26.10

total $ 67,800

Total inventory: <em>817,500</em> + 67,800 + 64,000 = 949300

<em><u>week of supply:</u></em>

inventory of 949300

and 350,000 goods are consumer per week

week: 2,7122857

3 0

3 years ago

American apparel makers complain to Congress about competition from China. Congress decides to impose either a tariff or a quota

Viefleur [7K]

Answer:

B) quota

Explanation:

A quota is a trade constraint imposed by government, which confines a nation's import or export within a certain period, or the amount or monetary value of the products. Nations use quotas to control trading volumes between them and the other nations in global trade. A tariff would put taxation on the Chinese's exports and it doesn't favour them.

4 0

3 years ago