Niantic reported the following financial information (amounts in millions). Compute the current ratio and profit margin. Net
Question:
Niantic reported the following financial information (amounts in millions). Compute the current ratio and profit margin.
Net sales.... Net income. Current assets......... $ 9,000 $4,400 Total assets.. 11,477 176 .... Current liabilities...... 900
Step by Step Answer:
Current Ratio Current Assets Curr...View the full answer
Related Video
The current ratio is a financial ratio that measures a company\'s ability to pay its short-term obligations with its short-term assets. It is calculated by dividing a company\'s current assets by its current liabilities. The formula for calculating the current ratio is: Current Ratio = Current Assets / Current Liabilities Current assets are assets that can be converted to cash within one year, while current liabilities are debts that are due within one year. A current ratio of 1:1 or greater is generally considered good, as it indicates that a company has enough current assets to cover its current liabilities. A current ratio of less than 1:1 may suggest that a company may have difficulty meeting its short-term obligations. It\'s important to note that the current ratio is just one of many financial ratios that can be used to assess a company\'s financial health. It should be used in conjunction with other financial ratios and qualitative factors to make informed decisions about investing or lending to a company.
Students also viewed these Business questions
-
The following financial information is available for Plummer Corporation. The weighted-average number of shares of common stock outstanding was 80,000 for 2013 and 100,000 for 2014. Instructions...
-
The following financial information about Stephens Company is available: Required Calculate all profitability ratios for Stephens. Round percentages to one decimal point (i.e., 12.8%). Does it appear...
-
The following financial information regarding Wick Industries is available: Wick would like to increase its return to stockholders. To do so, it wants to increase its debt to assets ratio to 0.70 by...
-
Create a 3-panel informational brochure on threats to government computer systems and the potentials effects of these threats. To create your brochure, you can use brochure builder or another program...
-
A piston cylinder hAs constant pressure of 2000 kPa with water at 20oC. It is now heated up to 100oC. Find the heat transfer and the entropy change using the steam tables. Repeat the calculation...
-
Advanced Robotics earned net income of \($60,000\) after deducting depreciation of \($4,000\) and all other expenses. Current assets increased by \($3,000\) and current liabilities decreased by...
-
Among the various responsibilities of the Chief Financial Officer (CFO) of the Amphlett Corporation was the management and oversight of the firms cash reserves. During the year, the CFO had invested...
-
1. What type of team building best describes these volunteering activities? 2. Explain how the corporate social responsibility element of volunteering contributes to team building. 3. Along with team...
-
Consider two projects, T and F, which are mutually exclusive, have unequal lives, and are repeatable. Their cash flows are depicted in the table below: Project Year O Year 1 Year 2 Year 3 Year 4 T...
-
In Problem 60: a. If Starbright Coffee Shop could get 1 more pound of coffee, which one should it be? What would be the effect on sales of getting 1 more pound of this coffee? Would it benefit the...
-
Franklin Co. reported the following year-end data: net income of $220,000; annual cash dividends per share of $3; market price per (common) share of $150; and earnings per share of $10. Compute the...
-
On January 1, 5G Co. reported current assets of $72,000 and current liabilities of $60,000. Compute total current assets, total current liabilities, and the current ratio at January 1 and after each...
-
A question is asked of a class of 200 freshmen, and 23% of the students know the correct answer. If a sample of 50 students is taken repeatedly, what is the standard deviation of the mean of the...
-
Peter Gunn Corporation's relevant range of activity is 7,000 units to 11,000 units. When it produces and sells 9,000 units, its average costs per unit are as follows: Average Cost per Unit Direct...
-
A British financial institution has written 1,200 call options and written 2,300 put options and holds (long) 800 put options on the euro (EUR). (Each option is to buy or sell 1 EUR.) The written...
-
1. The current par yield (the yield y that solves ParValue = +++ + 1+y (1+y) c is the coupon payment at the end of each year) curve is given by: C ParValue+c + + where (1+y)n Maturity (in year) 1 2 3...
-
What is June\'s cash ratio? Your client June has the following financial profile: Liquid Assets $44,000 Investment Assets $140,500 Personal Assets $195,500 Total Assets $380,000 Total Liabilities...
-
Beaver Inc. issues a 5,000,000 5-year, 8% fixed-rate interest note payable on December 31, 2022. Beaver Inc. is worried that interest rates may decrease which would increase the value of its debt so...
-
When XELJANZ (tofacitinib) was administered as part of a clinical trial for this rheumatoid arthritis treatment, 1336 subjects were given 5 mg doses of the drug, and here are the numbers of adverse...
-
The text defined intrinsic value as the value of an asset given a hypothetically complete understanding of the assets investment characteristics. Discuss why hypothetically is included in the...
-
Lilliput, a one-product mail-order firm, buys its product for $60 per unit and sells it for $130 per unit. The sales staff receives a 10% commission on the sale of each unit. Its December income...
-
Near the end of 2011, the management of Simid Sports Co., a merchandising company, prepared the following estimated balance sheet for December 31, 2011. To prepare a master budget for January,...
-
Diamond Slope Company produces snow skis. Each ski requires 2 pounds of carbon fiber. The companys management predicts that 7,000 skis and 10,000 pounds of carbon fiber will be in inventory on June...
-
Descriptive analytics is the most viable option for providing directional guidance to managers when: Question 3 options: More granular data becomes available and the relevance of the data to the...
-
Investments: Financial Stocks At the end of September 2021, Toronto Dominion Bank (TD) stock cost $66 per share, was expected to yield 4% per year in dividends (calculated on the total value of TD...
-
7. A dwelling with a replacement cost of $150,000 was insured under a Homeowners 3 policy for $100,000 at the time the roof was destroyed by a windstorm. The actual cash value of the loss was $9,000,...
Study smarter with the SolutionInn App