If current assets are $112,000 and current liabilities are $56,000, what is the current ratio? A. 200

Question:

If current assets are $112,000 and current liabilities are $56,000, what is the current ratio?
A. 200 percent
B. 50 percent
C. 2.0
D. $50,000

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

Step by Step Answer:

Related Book For book-img-for-question

Principles Of Accounting Volume 1 Financial Accounting

ISBN: 9781593995942

1st Edition

Authors: Mitchell Franklin, Patty Graybeal, Dixon Cooper, OpenStax

See More Books

Question Posted: Aug 11, 2022 02:14 AM

See More Questions

What is the reward-to-volatility ratio (S) of your risky portfolio? Your clients? You manage a risky portfolio with expected rate of return of 18% and standard deviation of 28%. The T-bill rate is 8%.
What is leverage? What is the leverage ratio of a bank that has $100 million in assets and $92 million in liabilities?
If current assets are $100,000 and current liabilities are $42,000, what is the working capital? A. 200 percent B. 50 percent C. 2.0 D. $58,000
The following is a symbolic microprogram for an instruction in the computer defined in Sec. 7-3. a. Specify the operation performed when the instruction is executed. b. Convert the four...
The value of a home depends in part on how attractive other homes and yards in the neighborhood are. How do local zoning ordinances try to promote land uses that generate external benefits for...
Analyze non-liquidating and liquidating distributions, describing the gain or loss recognition for each type of distribution. Compare these results to the gain or loss recognition when a partnership...
Mencionar las leyes y los reglamentos principales que afectan prcticas especficas de fijacin de precios .
a. Freds Hardware and Hobby House expects its sales to increase at a constant rate of 8 percent per year over the next three years. Current sales are $100,000. Forecast sales for each of the next...
Flaherty is considering an investment that, if paid for immediately, is expected to return $143,000 eight years from now. If Flaherty demands a 9% return, how much is she willing to pay for this...
The shareholders equity section of the balance sheet of TNL Systems Inc. included the following accounts at December 31, 2020: Shareholders Equity ...............................................($ in...
Describe the progression of the three trial balances that a company would have during the period, and explain the difference between the three.
Using the following account balances, calculate for the two years presented: A. Working capital B. Current ratio Accounts payable Accounts receivable Cash Prepaid insurance Salaries payable Utilities...
How do third-party certifications and warranties solve the adverse selection problem in the used car market? Explain your answer.
The State Public Works Division consists of the Administrator, the State Public Works Board, the Public Works Section, and the Buildings and Grounds Section. The State Public Works Board consists of...
Everyone knows that health care costs are high. It is also known that people tend to spend less on health care if they spend their own money, which motivated the creation of flexible spending...
Write a essay that critically evaluates issues in financing health care by addressing the provided prompts. Educate operational leadership on why it is important to the overall bottom line of the...
What are the types of conflicts that individuals may have at work? Which type have you experienced the most? 2. What are some primary causes of conflict at work? 3. Explain how miscommunication might...
What program do you work with that has a budget? Navy JROTC Who helps to determine how the funds are allocated and spent? US Navy and St. Elizabeth ISD How did you find out the budget amount? Does...
Evaluate each definite integral. sech? V dx VI
Which of the following streaming TV devices does not involve use of a remote controller? A) Google Chromecast B) Apple TV C) Amazon Fire TV D) Roku
Dread Corporation operates in a high-tax state. The firm asks you for advice on a plan to outsource administrative work done in its home state to independent contractors. This work now costs the...
Indicate whether each of the following items should be allocated or apportioned by the taxpayer in computing state corporate taxable income. Assume that the state follows the general rules of UDITPA....
Regarding the apportionment formula used to compute state taxable income, does each of the following independent characterizations describe a taxpayer that is based in-state or out-of-state? Explain....
Nelo Partnership had three partners, whose capital balances on June 30 were as follows: Jack $50,000, Andy $35,000, Nick $22,000. The profit-sharing ratio is 6:4:2 (Jack, Andy, Nick). On July 1,...
Alex buys a Blu-ray disc costing $14.49. Use the table below to find the sales tax on this item. Amount of Sale ($) Tax ($) 13.70 13.89 0.69 13.90 14.09 0.70 14.10 14.29 0.71 14.30 14.49 0.72 14.50...
Show partial income statements through gross margin for all three methods, assuming both products are further processed into Current Attempt in Progress It's mind - boggling the number of products...

If current assets are $112,000 and current liabilities are $56,000, what is the current ratio? A. 200

Question:

Step by Step Answer:

If current assets are 112000 and cur...View the full answer

Principles Of Accounting Volume 1 Financial Accounting

Students also viewed these Business questions