Answered step by step

Verified Expert Solution

Link Copied!

Question

1 Approved Answer

Posted on Jul 15, 2024

A company has 90 million in current assets. If it has a current ratio of 1:2 and a quick ratio of 0:9 what is the

A company has 90 million in current assets. If it has a current ratio of 1:2 and a quick ratio of 0:9 what is the net working capital?

a. 108 million

b. 15 million

c. 10 million

d. 81 million

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

Accounting And Financial System Reform In Eastern Europe And Asia

Authors: Robert W. McGee, Galina G. Preobragenskaya

2nd Edition

0387257098, 9780387257099

More Books

Students also viewed these Accounting questions

Question

★★★★★

The cost reduction must be significantly lower than the current direct operating costs in order for an outsourcing proposal to be attractive. What are the generic strategic benefits of outsourcing?...

Answered: 1 week ago

Question

★★★★★

Pascal is a high-level programming language used frequently in microprocessors. An experiment was conducted to investigate the proportion of Pascal variables that are array variables (in contrast to...

Answered: 1 week ago

Question

★★★★★

understand the limitations of classic models of job design.

Answered: 1 week ago

Question

★★★★★

Golden Corp., a merchandiser, recently completed its 2015 operations. For the year, (1) all sales are credit sales, (2) all credits to Accounts Receivable reflect cash receipts from customers, (3)...

Answered: 1 week ago

Question

★★★★★

5. Let G-(V, E; be a directed graph with positive edge weight function w. Given an efficient algorithm to find a collection of vertex-disjoint cycles in G whose total edge weight is maximum

Answered: 1 week ago

Question

★★★★★

The most risky audit opinion is: Select one: a. Unmodified with explanatory paragraph audit opinion b. Disclaimer audit opinion c. Qualified audit opinion d. Adverse audit opinion

Answered: 1 week ago

Question

★★★★★

Assume that a procedure yields a binomial distribution with n = 132 trials and the probability of success for one trial is p= 58%. Find the mean for this binomial distribution. (Round answer to one...

Answered: 1 week ago

Question

★★★★★

3) Find the coordinates of the points of inflection for the function. f(x) = x1/3(x-28) Find the largest open intervals where the function is concave upward. f(x)=x3+3x-9x+5

Answered: 1 week ago

Question

★★★★★

PHYSICS 12 Kinematics Review: WCLN.ca 1. The acceleration of a freely falling object (near Earth), when we assume no air resistance, is (remember units). This acceleration (due to gravity) is also...

Answered: 1 week ago

Question

★★★★★

Wellplace Insurance Company processes insurance policy applications in batches of 50. One day, they had fourteen batches to process and, after inspection, it was found that four batches had...

Answered: 1 week ago

Question

★★★★★

This section provides your reader with an overview of the strengths, weakness, opportunities, and threats. It's a good idea to present the material as an internal analysis and an external environment...

Answered: 1 week ago

Question

★★★★★

After reviewing the companys background, it is time to propose sustainable HRM practices that maintain the spirit of commitment to VIC in its employees and respect its budgetary limitations. What...

Answered: 1 week ago

Question

★★★★★

Evaluate the impact of sustainable HRM practices on worker turnover.

Answered: 1 week ago

Question

★★★★★

Which sustainable HRM practices are available to organizations, in general? Which among these practices contributes to minimizing employee turnover, in particular?

Answered: 1 week ago

Previous Question Next Question