Answered step by step

Verified Expert Solution

Link Copied!

Question

1 Approved Answer

Posted on Dec 13, 2022

Oriole Company has current assets of $1510000 and current liabilities of $650000. If they issue $217000 of new stock what will their new current ratio

Oriole Company has current assets of $1510000 and current liabilities of $650000. If they issue $217000 of new stock what will their new current ratio be?

2.7:1

2.32:1

20:1

1.8:1

Step by Step Solution

★★★★★

3.41 Rating (160 Votes )

There are 3 Steps involved in it

Step: 1

The detailed answer for the above question is provided below Answer 271 Explanations ... blur-text-image

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

Intermediate Accounting

Authors: Donald Kieso, Jerry Weygandt, Terry Warfield, Nicola Young,

10th Canadian Edition, Volume 1

978-1118735329, 9781118726327, 1118735323, 1118726324, 978-0176509736

More Books

Students also viewed these Accounting questions

Question

★★★★★

which of the following statements is true select one a. an employer cannot be held liable for a tort that an employee deliberately committed b. vicarious liability supports tort law's compensation...

Answered: 1 week ago

Question

★★★★★

Which of the following statements are true for an isothermal process? During an isothermal process, the work done by the gas equals the heat added to the gas An isothermal process is carried...

Answered: 1 week ago

Question

★★★★★

Which of the following statements are true about the efficient market hypothesis? a. It implies perfect forecasting ability. b. It implies that prices reflect all available information. c. It implies...

Answered: 1 week ago

Question

★★★★★

Find the point (a, b) on the graph of y = ex where the value ab is the least.

Answered: 1 week ago

Question

★★★★★

Friedmans Inc. is a leading fine jewelry retailer. In November 2004, the company said that it might default on certain of the financial covenants contained in one of the company loan agreements. Here...

Answered: 1 week ago

Question

★★★★★

Apply source transformation to determine vo and io in the circuit in Fig. 4.89. 12 V F 2A

Answered: 1 week ago

Question

★★★★★

2. Students should be taught self-regulatory (conditional) knowledge about when, where, and why to use various strategies. Although this may seem obvious, teachers often neglect this step. A strategy...

Answered: 1 week ago

Question

★★★★★

1. How does the concept of segmentation pricing relate to Washburn Guitars four different price points? 2. How does Washburns four different price points reflect customer wants and needs? 3. Are...

Answered: 1 week ago

Question

★★★★★

Worley Company buys surgical supplies from a variety of manufacturers and then resells and delivers these supplies to hundreds of hospitals. Worley sets its prices for all hospitals by marking up its...

Answered: 1 week ago

Question

★★★★★

John and Sandy Ferguson got married eight years ago and have a seven-year-old daughter, Samantha. In 2020, John worked as a computer technician at a local university earning a salary of $152,000, and...

Answered: 1 week ago

Question

★★★★★

10 The International Monetary Fund (IMF) was created to promote trade through financial cooperation by working to eliminate trade barriers True O False 4

Answered: 1 week ago

Question

★★★★★

Describe how a company's failure to determine its design capacity and system capacity will affect its ability to turn a profit. Give a concrete example to demonstrate this effect Note: In Essay Form

Answered: 1 week ago

Question

★★★★★

Q 1 . ?Consider the anthropomorphic arm as shown in Fig. where the link frames have been illustrated, determine the manipulator Jacobian matrix and analyze it . ( solve with complete step numerically...

Answered: 1 week ago

Question

★★★★★

As a health care consumer who recently switched to a managed care health plan, you were very worried about the quality of the care provided to you. You were wondering if there were any reviews of...

Answered: 1 week ago

Question

★★★★★

Given the estimated regression equation E(Y) = 30 + 2(x1) - 3(x2) + 10(x1x2) where x1= age and x2-gender (0 is female, 1 otherwise) what is the estimated value of Y when x1= 30 and x2-female? 90 387...

Answered: 1 week ago

Question

★★★★★

Consider a call center for software support: - 3 representatives answer phones (each can handle all types of calls) - Calls arrive according to a Poisson process. On average, there are 20 calls per...

Answered: 1 week ago

Question

★★★★★

Salmone Company reported the following purchases and sales for its only product. Salmone uses a perpetual inventory system. Determine the cost assigned to cost of goods sold using LIFO....

Answered: 1 week ago

Question

★★★★★

Sue Deliveau opened a software consulting firm that immediately paid $2,000 for a computer. Was this event a transaction for the business?

Answered: 1 week ago

Question

★★★★★

The financial statements and accompanying notes of Shoppers Drug Mart are presented in Appendix 5B as they appear in the company's annual report. Instructions Refer to the statements and notes to...

Answered: 1 week ago

Question

★★★★★

Jerry Holiday is the maintenance supervisor for Ray's Insurance Co. and has recently purchased a riding lawn mower and accessories that will be used in caring for the grounds around corporate...

Answered: 1 week ago

Question

★★★★★

Brookfield Properties Corporation reported net income of $1,896 million for the year ended December 31, 2011, which is up 12.5% from the prior year. The company owns, develops, and manages North...

Answered: 1 week ago

Question

★★★★★

1. Take the figure of the fish (Figure 8.6) and show it to people from different cultures for 10 seconds, and then ask them to recall as many things in the picture as possible. Would you replicate...

Answered: 1 week ago

Question

★★★★★

2. Describe how cross-cultural psychology has contributed to our understanding of how intelligence may be assessed.

Answered: 1 week ago

Question

★★★★★

9. 4. Explain how cultures construct cultural differences in the experience, concepts, attitudes, values, and beliefs about emotion.

Answered: 1 week ago

Previous Question Next Question