Ahi Co. has a current ratio of 3 to 1. Ono Corp. has a current ratio of

Question:

Ahi Co. has a current ratio of 3 to 1. Ono Corp. has a current ratio of 2 to 1. Does this mean that Ahi's operating cycle is longer than Ono's? Why?

Fantastic news! We've Found the answer you've been seeking!

Step by Step Answer:

Related Book For book-img-for-question

Financial and Managerial Accounting the basis for business decisions

ISBN: 978-0078111044

16th edition

Authors: Jan Williams, Susan Haka, Mark Bettner, Joseph Carcello

See More Books

Question Posted: Jun 10, 2016 05:20 AM

See More Questions

A company has a current ratio of 3 to 1 but would like to decrease the ratio. What types of options does it have to accomplish this?
Mei Co. has a current ratio of 3 to 1. Ono Corp. has a current ratio of 2 to 1. Does this mean that Mei's operating cycle is longer than Ono's? Why?
Riley Manufacturing has a current ratio of 3:1 on December 31, 2018. Indicate whether each of the following transactions would increase (+), decrease (), or have no effect (NA) on Riley's current...
Create a Stored Procedure: Stored procedures allow you to make changes to the database structure and manage performance without needing to rewrite applications or deploy application updates. In this...
You are the media planner for a cosmetics company introducing a new line of makeup for teenage girls. Your research indicates that the Internet might be an effective medium for creating awareness...
Which are still to be set?
The following summary table presents the results from an ANOVA comparing four treatment conditions with n 5 10 participants in each condition. Complete all missing values. (Hint: Start with the df...
Smith manufactures coffee mugs that it sells to other companies for customizing with their own logos. Smith prepares flexible budgets and uses a standard cost system to control manufacturing costs....
Prepare adjusting entries from selected data. Instructions Identify what type of adjusting entry (prepaid expense, unearned revenue, accrued expense, or accrued revenue) is needed in each situation...
English Motors, Ltd. (EML), developed a new all-wheel-drive sports utility vehicle. As part of the marketing campaign, EML produced a video tape sales presentation to send to both owners of current...
Under what circumstances might a company have a high p/e ratio even when investors are not optimistic about the company's future prospects?
Differentiate between horizontal and vertical analysis.
Prime costs consist of a. direct materials and manufacturing overhead. b. direct labor and manufacturing overhead. c. direct materials and direct labor. d. direct materials, direct labor, and...
Explain in simple terms the concept of: "Technology Structures and Social Boundaries"
1- According to the Six Steps in Strategic Planning find out the Lidl and Mercadona strategic plan 2021-2022 in Spain. Highlight the major differences and similarities between them. 2- Make a picture...
Your writing must present an introduction, development and conclusion. At the end of your work include the APA references. case 1: program for the agency that provides services to the government...
7. (8 points) In the following VHDL process, if input A changes at time 20nS and no other inputs change after that time, at what time will all the output signals be guaranteed to have assumed their...
Q1. Tenure analysis: Table: employee Column Name Data Type Description employee_id Integer Unique identifier for each employee department Varchar The department of the employee job_level Varchar The...
Photodissociation by UV radiation is not the only possible fate of NO 2 in urban air. An ordinary decomposition reaction, in which NO 2 reacts to form NO and O 2 , is also possible. This reaction was...
Create an appropriate display of the navel data collected in Exercise 25 of Section 3.1. Discuss any special properties of this distribution. Exercise 25 The navel ratio is defined to be a persons...
After receiving an inheritance of $25,000 on her 21st birthday, Ayn Rand deposited the inheritance in a savings account with an effective annual interest rate of 6%. She decided that she would make...
The Association of General Contractors (AGe) wished to establish an endowment fund of $1 million in 10 years for the Construction Engineering Technology Program at Grambling State University in...
On her birthday, a 25-year-old engineer is considering investing in an individual retirement account (IRA). After some research, she finds a mutual fund with an average return of 10% per year. What...
Questien It Calraluta bae neark yoe cen atforal to berren
In calculating the net present value of a proposed project, the cash flows of the project should include a.) amortization of goodwill b.) interest expenses paid to bondholders c.) extra working...
If Yolanda's insurance company cancels her fire insurance policy after 204 days, how much of the $682.00 annual premium will she receive as a refund (in $)? (Round you answer to the nearest cent.) $

Ahi Co. has a current ratio of 3 to 1. Ono Corp. has a current ratio of

Question:

Step by Step Answer:

The length of the operating cycle of the two companies cannot be determined fro...View the full answer

Financial and Managerial Accounting the basis for business decisions

Students also viewed these Managerial Accounting questions