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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.

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Morrow Enterprises Inc. manufactures bathroom fixtures. The stockholders’ equity accounts of Morrow Enterprises Inc., with balan

algol13

Answer:

Morrow Enterprises Inc.

A. January 1 balances in T-accounts:

Common Stock

Jan. 1 Balance b/d $7,500,000

Additional Paid-in Capital -Common Stock

Jan. 1 Balance b/d $825,000

Retained Earnings

Jan. 1 Balance b/d $33,600,000

Treasury Stock

Jan. 1 Balance b/d $450,000

B1. Journal entries to record the transactions:

Jan. 22

Debit Dividends Payable $28,000

Credit Cash Account $28,000

To record payment of $0.08 dividends per share.

April 10

Debit Cash Account $1,800,000

Credit Common Stock $1,500,000

Credit Additional Paid-in Capital $300,000

To record the issue of 75,000 shares for $24 per share.

June 6

Debit Cash Account $650,000

Credit Treasury Stock $450,000

Credit Additional Paid-in Capital $200,000

To record reissue of 25,000 shares of treasury stock at $26 per share and close the Treasury Stock balance to Additional Paid-in Capital.

July 5

Debit Stock Dividends $450,000

Credit Dividends Payable $450,000

To record the declaration of the 4% stock dividend on 450,000 shares of common stock.

August 15

Debit Dividends Payable $450,000

Credit Common Stock $360,000

Credit Additional Paid-in Capital $90,000

To record the issue of a 4% stock dividend certificates on 450,000 shares at $25

Nov. 23

Debit Treasury Stock $570,000

Credit Cash Account $570,000

To record the purchase of 30,000 shares of treasury stock for $19 per share.

Dec. 28

Debit Dividends $42,000

Credit Dividends Payable $42,000

To record the declaration of a $0.10 per share dividend on 420,000 shares of common stock.

Dec. 31

Debit Income Summary Account $1,125,000

Credit Retained Earnings $1,125,000

To close the credit balance of the income summary.

Dec. 31

Debit Retained Earnings $492,000

Credit Stock Dividends $450,000

Credit Dividends $42,000

To close the two dividends accounts.

B2) Posting to the selected accounts:

Common Stock

Dec. 31 Balance c/d $9,360,000 Jan. 1 Balance b/d $7,500,000

Apr. 10 Balance b/d $1,500,000

Aug 15 Dividend Payable $360,000

$9,360,000 $9,360,000

Jan. 1 Balance b/d $9,360,000

Additional Paid-in Capital -Common Stock

Dec. 31 Balance c/d $1,415,000 Jan. 1 Balance b/d $825,000

Apr. 10 Balance b/d $300,000

Jun. 6 Treasury Stock $200,000

Aug 15 Dividend Payable $90,000

$1,415,000 $1,415,000

Jan. 1 Balance b/d $1,415,000

Retained Earnings

Dec. 31 Stock Dividends $450,000 Jan. 1 Balance b/d $33,600,000

Dec. 31 Dividends $42,000 Dec. 31 Income Summary $1,125,000

Dec. 31 Balance c/d $34,233,000

$34,725,000 $34,725,000

Jan. 1 Balance b/d $34,233,000

Treasury Stock

Jan. 1 Balance b/d $450,000 Jun. 6 Cash $450,000

Nov. 23 Cash $570,000 Dec. 31 Balance c/d $570,000

$1,020,000 $1,020,000

Jan. 1 Balance b/d $570,000

Dividends Payable

Jan. 22 Cash $28,000 Jan. 1 Balance b/d $28,000

Aug. 15 Common Stock $360,000 Jul. 5 Stock Dividends $450,000

Aug. 15 Additional Paid-in$90,000 Dec. 23 Cash Dividends $42,000

Dec. 31 Balance c/d $42,000

$520,000 $520,000

Jan. 1 Balance b/d $42,000

Stock Dividends

Jul. 5 Dividends Payable $450,000 Dec. 31 Retained Earnings $450,000

Cash Dividends

Dec. 28 Dividends Payable $42,000 Dec. 31 Retained Earnings $42,000

Income Summary Account

Dec. 31 Retained Earnings $1,125,000 Dec. 31 Balance b/d $1,125,000

C. Retained Earnings Statment for the year ended December 31, 2016:

Beginning Balance $33,600,000

Income Summary $1,125,000

Stock Dividends ($450,000)

Cash Dividends ($42,000)

Ending Balance $34,233,000

Explanation:

a) Cash Account

Apr. 10 Common Stock $1,500,000 Jan. 22 Dividends Payable$28,000

April 10 Additional Paid-in $300,000 Nov. 23 Treasury Stock $570,000

Jun. 6 Treasury Stock $450,000

Jun. 6 Additional Paid-in $200,000

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2 years ago

What term describes the study of the rights and duties of citizens?

bija089 [108]

Answer: Civics is the study of the rights and duties of citizens.

Explanation:

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3 years ago

Suppose one U.S. dollar can purchase a half pound of strawberries in the United States. After converting dollar to pesos, one U.

alukav5142 [94]

Answer:

The answer is:

a real exchange rate

Explanation:

The last word in the question seems to be incomplete, I am assuming that the intended word is "represent".

Real Exchange Rate (RER), also known as Real Effective Exchange Rates (REER) is an exchange rate that compares the relative price of the two countries' consumption baskets (what the average consumer buys and its price indicates how much consumers pay for it). It gives information beyond the nominal exchange rate or the relative prices of two currencies. In this example, the RER between the U.S dollar and the Mexican Pesos is used to determine what the U.S. dollar can buy in Mexico, as compared to what that same amount can buy in the U.S. This helps to tell us if a currency is undervalued or overvalued.

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3 years ago

You develop a contingency plan to execute only if the security risk occurs. which type of risk response strategy are you demonst

bogdanovich [222]

Transference type of risk response strategy is demonstrated.

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2 years ago

Pinewood Company purchased two buildings on four acres of land. The lump-sum purchase price was $1,200,000. According to indepen

bezimeni [28]

Answer:

Initial valuation of the building A=$540000

Initial valuation of the building B=$300000

Initial valuation of the land=$360000

Explanation:

First,we will calculate the total fair value of all assets:

Total fair value of assets=Fair value of building A+Fair value of building B+Fair value of land

Total fair value of assets=$585,000+$325,000+$390,000

Total fair value of assets=$1,300,000

Initial valuation of the building A= $\frac{Fair\ value\ of\ building\ A}{Total\ Fair\ value} *lump-sum$

$Initial\ valuation\ of\ the\ building\ A=\frac{\$585,000}{\$ 1,300,000}*\$1,200,000\\Initial\ valuation\ of\ the\ building\ A=\$540000$

For building B:

$Initial\ valuation\ of\ the\ building\ B=\frac{\$325,000}{\$ 1,300,000}*\$1,200,000\\Initial\ valuation\ of\ the\ building\ B=\$300,000$

For Land:

$Initial\ valuation\ of\ the\ building\ land=\frac{\$390,000}{\$ 1,300,000}*\$1,200,000\\Initial\ valuation\ of\ the\ building\ land=\$360000$

Check of answer;

Sum of all initial Values= Lump-Sum

$540000+$300000+$360000=$1,200,000

$1,200,000=$1,200,000

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3 years ago