Answered step by step

Verified Expert Solution

Link Copied!

Question

1 Approved Answer

Posted on Jun 26, 2024

8.Perry Technologies Inc. had the following financial information for the past year: Inventory turnover = 8 Quick ratio= 1.5 Sales= $860,000 Current ratio= 1.75 What

8.Perry Technologies Inc. had the following financial information for the past year:

Inventory turnover = 8

Quick ratio= 1.5

Sales= $860,000

Current ratio= 1.75

What were Perry's current liabilities?

Step by Step Solution

There are 3 Steps involved in it

Step: 1

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

Step: 3

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Fundamentals Of Financial Management Concise

Authors: Eugene F. Brigham, Joel F. Houston

11th Edition

0357517717, 9780357517710

More Books

Students also viewed these Finance questions

Question

★★★★★

Big Pharma has been criticized for making deals that may bring harm to shareholder interests. Evaluate the following transaction from earnings management and ethical perspectives: A pharmaceutical...

Answered: 1 week ago

Question

★★★★★

What account is debited for indirect labor costs? LO.1

Answered: 1 week ago

Question

★★★★★

3. Tie praise to students improving competence or to the value of their accomplishment. Say, I noticed that you double-checked all your problems. Your score reflects your careful work.

Answered: 1 week ago

Question

★★★★★

Design a Web entry page for the Home Finders Realty Corporation display screen created in Problem 8.

Answered: 1 week ago

Question

★★★★★

Python Generate two lists: integers and squares, running from 1 to 100 using loops (e.g, integers = [1, 2, ..., 100) and squares = [1, 4, ... 100)). The program should print all numbers that are in...

Answered: 1 week ago

Question

★★★★★

E 7 - 1 B . Variable and Absorption Costing Grant Company sells its product for $ 5 0 per unit. Variable manu - facturing costs per unit are $ 3 0 , and fixed manufacturing costs at the normal...

Answered: 1 week ago

Question

★★★★★

Requests for reduce tasks are not made until ____% of map tasks are completed (Fill in the blank _____) a. 100% b. 5% c. 50% d. 1%

Answered: 1 week ago

Question

★★★★★

Denver Co. is about to order supplies from Canada that are denominated in Canadian dollars (C$). It has no other transactions in Canada and will not have any other transactions in the future. The...

Answered: 1 week ago

Question

★★★★★

Your client uses the Deposit feature to record retainers in QuickBooks Online. The customer paid a deposit of $600, and you create an invoice for $1,500 worth of work. Where does the outstanding...

Answered: 1 week ago

Question

★★★★★

Successful implementation of strategy depends upon the congruence of both formal and informal parts of an organization. Which of the following is POOR advice to minimize the performance gap (i.e.,...

Answered: 1 week ago

Question

★★★★★

A public health class is tasked with creating a mock response to a hurricane situation. Instructions included assuring the plan included common terminology. Which of the following would be an example...

Answered: 1 week ago

Question

★★★★★

1. The opportunity cost of holding money Suppose you've just inherited $5,000 from a relative. You're trying to decide whether to put the $5,000 in a non-interest-bearing account so that you can use...

Answered: 1 week ago

Question

★★★★★

4. I try to make them feel what I really mean (1 is related to the visionary, 2 to the logical, 3 to action and 4 to the emotional).

Answered: 1 week ago

Question

★★★★★

4. What is the goal of the others in the network?

Answered: 1 week ago

Question

★★★★★

2. What we can learn from the past

Answered: 1 week ago

Previous Question Next Question