The current ratio and liquid ratio of the company are 2.5:1 and 1.5:1. If the current assets
Question:
The current ratio and liquid ratio of the company are 2.5:1 and 1.5:1. If the current assets amounted to ₹ 500 million, f ind the amount of inventories held by the company.
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 100% (1 review)
To find the amount of inventories held by the company we can use the current ratio and the current a...View the full answer
Answered By
Lisper Wanja
I am an experienced and highly motivated writer with a passion for the skills listed. I have a proven track record of my expertise and my aim is to deliver quality, well-detailed and plagiarism free projects. My genuine passion for writing combined with my ongoing professional development through school and research makes me an ideal candidate within for any assignment.
4.90+
233+ Reviews
388+ Question Solved
Related Book For
Question Posted:
Students also viewed these Business questions
-
The Carton Packing Company (CPC) is located in rapidly growing Austin, Texas. To meet its need for funds to finance its growing assets the firm has reinvested earnings and borrowed using short- term...
-
The following financial data were reported by 3M Company (USA) for 2009 and 2010 (dollars in millions). Instructions (a) Calculate the current ratio and working capital for 3M for 2009 and 2010. (b)...
-
The following financial data were reported by 3M Company for 2007 and 2008 (dollars in millions). Instructions (a) Calculate the current ratio and working capital for 3M for 2007 and 2008. (b)...
-
For 2020, cost of goods available for sale for Blossom Corporation was $5500000. The gross profit rate on sales was 25% Sales for the year were $5000000. What was the amount of the ending inventory?...
-
Smith's Exteriors produces exterior siding for homes. The Preparation Department begins with wood, which is chopped into small bits. At the end of the process, an adhesive is added. Then the...
-
Consider the block diagram in Figure CP2.6. (a) Use an m-file to reduce the block diagram in Figure CP2.6, and compute the closed-loop transfer function. (b) Generate a pole-zero map of the...
-
What is the probability of drawing the letters S-E-A-L, in order? You are about to draw Scrabble tiles from a bag without replacement; the bag contains the letters A, A, C, E, E, E, L, L, N, O, R, S,...
-
On August 1, 2015, Trico Technologies, an aeronautic electronics company, borrows $21 million cash to expand operations. The loan is made by FirstBanc Corp. under a short-term line of credit...
-
c- UP; cost per EUP; cost assignment; WA & FIFO Found Sound mass-produces miniature speakers for personal sound systems. The following cost information is available for June: Beginning inventory...
-
Differentiate between interest coverage ratio and debt service coverage ratio. Which one do you think is a better indicator of the debt servicing capacity of an enterprise?
-
Zing Limited has current assets of 4,650,000 and current liabilities of 1,850,000. The current assets include inventories amount to 1,100,000. 1. Calculate the current ratio and liquid ratio for...
-
Let (x) = -3x + 4 and g(x) = -x 2 + 4x + 1. Find the following. g(t)
-
Give two reasons why auditors might wish to download data from another machine onto the machine on which their generalized audit software package resides.
-
How can auditors use generalized audit software to assist the conduct of analytical review?
-
Briefly explain the parallel simulation technique. What is the purpose of using parallel simulation? Outline some of the advantages and disadvantages of using this technique for audit purposes.
-
Briefly describe the major phases that must be managed during the development and implementation of a generalized audit software application.
-
SoakNSun Swim Park sells individual and family tickets, which include a meal, 3 beverages, and unlimited use of the swimming pools. SoakNSun has the following ticket prices and variable costs for...
-
Woodbon produces high-quality wooden furniture. Woodbon's owner, Kate Cameron, collects the annual advertising and sales figures for the last several years. Calculate an appropriate measure of...
-
Use the information given about the angles and to find the exact value of: (a) sin( + ) (b) cos( + ) (c) sin( - ) (d) tan ( + ) (e) sin(2) (f) cos (2) (g) sin /2 (h) cos/2 cos = 4/5, 0 < < /2; cos =...
-
Describe the technical and organizational obstacles to e-commerce growth in India.
-
How do these factors hamper companies from doing business in India or setting up Indian e-commerce sites?
-
Will non-Indian companies like Amazon.com and eBay flourish in India? Explain.
-
Problem 3-14 (Algo) Schedule of Cost of Goods Manufactured; Overhead Analysis [LO3-3, LO3-4] Gitano Products operates a job-order costing system and applies overhead cost to jobs on the basis of...
-
Required information Use the following information for the Exercises below. [The following information applies to the questions displayed below.] The following adjusted trial balance at December 31...
-
Transaction Code MM03 Transaction title VA03 FOOS DISPLAY MATERIAL Transaction title DISPLAY SALES ORDER Inquiry Number Quotation Number . Purchase Order Number Good Receipt for PO Number 0
Study smarter with the SolutionInn App