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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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How much money do people usually make when retiring
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Explanation:

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4 years ago
The Work in Process Inventory account for DG Manufacturing follows. Compute the cost of jobs completed and transferred to Finish
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Answer:

Cost of god transferred  = $88,300.

Explanation:

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Cost of job transferred = 4,600 + 47,200+ 29,700 +15,900 - 9100

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Kindly note that closing inventory represents amount of manufacturing costs that has been incurred on production units but which are yet to be completed . <em>So to determine the cost of what has be completed and finished, we subtract the value of closing inventory from the total manufacturing cost incurred till date. </em>

<em />

3 0
4 years ago
Barn Wood Interiors announced today that it is going out of business. As of today, no more regular dividends will be paid. The f
Sonja [21]

Answer:

The stock price today is $38.76 as shown below

Explanation:

The value of the stock today is the present value of all future dividend payments from the stock.

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Present of second dividend=$38/(1+18.7%)^2

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The stock price today is the sum of the present values=11.79443976 +26.97007528 =$38.76

Ordinarily, the valuation would have included the price at which the stock could be sold but since the company is wounding up and the only cash flow is payment of liquidating dividends, the price at which stock can be sold is not applicable.

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Answer:

C

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