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Novay_Z [31]
3 years ago
11

Vito Co. had current assets of $9,000 and current liabilities of $6,000 at the end of the year. Net income during the year was $

21,000. The current ratio for the period is:
Business
1 answer:
Fynjy0 [20]3 years ago
5 0

The current ratio for Vito Co. with respect to the period under review is 1.5

<h3>What is current ratio?</h3>

The current ratio, also known as the working capital ratio, measures the capability of a business to be able to meet its short term financial obligations.

The Current Ratio formula is

= Current Assets / Current Liabilities

= $9,000 / $6,000

= 1.5

Therefore, the current ratio for Vito Co. with respect to the period under review is 1.5

Learn more about current ratio here: https://brainly.in/question/45000916

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When using the benefi t-cost ratio measure of worth, what benchmark is the calculated ratio compared to in determining if an ind
Mazyrski [523]

Answer:

1.0

Explanation:

Benefit-cost ratio BCR can be expressed in monetary or qualitative terms. It presents the relationship between the relative costs and benefits of a proposed project.

If a project has a BCR greater than 1.0, the project is expected to be attractiveto a firm and its investors.

If a project's BCR is less than 1.0, the project's costs outweigh the benefits, and it should not be considered because it is unattractive.

3 0
3 years ago
On January 1, 2021, G Corp. granted stock options to key employees for the purchase of 87,000 shares of the company's common sto
vredina [299]

Answer:

the  compensation expense for the year is $327,120

Explanation:

The computation of the compensation expense for the year is given below:

= (Number of stock options to be purchased × (1 - forefeiture percentage) × fair value per option)) ÷ 2

= (87,000 shares × (1 - 0.06) × $8)) ÷ 2

= $327,120

Hence, the  compensation expense for the year is $327,120

The same should be considered and relevant too

8 0
3 years ago
The general journal is used to: a. post all accounting entries not posted in other individual journals. b. post all accounting e
hjlf

Answer: The general journal is used to post all accounting entries.

Explanation:

The general journal is the journal where all company transactions are recorded in. In other words, a general journal is the book of original entry where bookkeepers and accountants record business transactions according to the date the transactions take place.

It is the initial place where transactions are recorded, every page in the journal is divided into columns for dates, debit or credit records, serial numbers etc. Some companies keep specialized journals, such as sales journals or purchase journals, which records only a particular type of transactions. When a transaction has been recorded in the general journal, the amount is then posted to the appropriate accounts.

6 0
3 years ago
Read 2 more answers
Roberto consumes coke exclusively. he claims that there is a clear taste difference and that competing brands of cola leave an u
VikaD [51]
The answer to the question above is "brand names cause consumers to be more sensitive to product differences" based on the result of Roberto's taste test. In the blind test, Roberto did not feel the unsavory flavor from the generic store-coke and he prefers that generic store-coke. This test proves that Roberto's taste is distracted by the brand.
5 0
3 years ago
The risk-free rate is 6% and the expected rate of return on the market portfolio is 13%. a. Calculate the required rate of retur
Andreyy89

Answer:

a. 14.75%

b. Under priced

Explanation:

The computation for the required rate of return is shown below:

a. Expected rate of return = Risk-free rate of return + Beta × (Market rate of return - Risk-free rate of return)

= 6% + 1.25 × (13% - 6%)

= 6% + 1.25 × 7%

= 6% + 8.75%

= 14.75%

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