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2 years ago

Indicators created by mathematical formulas using a company's financial information for comparison purposes are called ______.

1 answer:

7 0

Current ratio is a mathematical formulas which make use of a company's financial information for comparison purposes

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

The current ratio is the one that measures a company's ability to cover its short-term obligations with its current assets. It indicate whether or not a company is able to meet its short term financial obligations.

Current ratio is computed by dividing the current asset over current liability. It compare a company's financial information.

Hence, indicators created by mathematical formulas using a company's financial information for comparison purposes are called current ratio.

Learn more about current ratio here : brainly.com/question/25894261

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3 years ago

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4 years ago

Your father invested a lump sum 33 years ago at 4.25 percent interest. Today, he gave you the proceeds of that investment which

Nutka1998 [239]

Answer:

your father originally invest is $13035.72

Explanation:

given data

investment time = 33 years

interest rate = 4.25 percent

totaled $51,480.79

solution

we get present value by future value formula that is

future value = present value × $(1+r)^{t}$ .........................1

put here value and we get

$51480.79 = present value × $(1+0.0425)^{33}$

solve it we get

present value = $13035.72

so your father originally invest is $13035.72

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4 years ago