Answered step by step

Verified Expert Solution

Link Copied!

Question

1 Approved Answer

Posted on Jun 28, 2024

A company has Current assets of $100,000, Total assets of $930,000 and Current liabilities of $72,000. What is the current ratio (rounded to two decimal

A company has Current assets of $100,000, Total assets of $930,000 and Current liabilities of $72,000. What is the current ratio (rounded to two decimal places)?

A. 1.80

B. 0.72

C. 1.44

D. 1.39

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

Advanced Accounting

Authors: Debra C Jeter, Paul K Chaney

5th Edition

1118022297, 978-1118022290

More Books

Students also viewed these Accounting questions

Question

★★★★★

How much time (in minutes) do people spend on a typical visit to a local mall? A random sample of n = 104 shoppers was timed and the results (in minutes) are stored in the data file Shopping Times....

Answered: 1 week ago

Question

★★★★★

Assume that a largecap value manager earned an average active return relative to the Russell 1000 Value Index (the benchmark) of 2.2 percent. Furthermore, assume that the managers tracking risk...

Answered: 1 week ago

Question

★★★★★

2.60 Chloroform According to the U.S. Environmental Protection Agency, chloroform, which in its gaseous form is suspected of being a cancer- causing agent, is present in small quantities in all of...

Answered: 1 week ago

Question

★★★★★

Describe the mistakes that the Chamber has made since the implementation of the Unitrak softwarei.e., since the Midsouth Chamber of Commerce (A) case study. What should they have done differently? As...

Answered: 1 week ago

Question

★★★★★

arata books, Sport under en ons het tam After closing the books Simone and Unt's partnership balance sheet reports owner's equity of $47.000 for Simone and $50,000 for Unt Simone is withdrawing from...

Answered: 1 week ago

Question

★★★★★

The following information is related to ABS Company. On 1 January 2020, ABS Company had 1,000,000 shares of common stock at a par value of $0.5 each. On that date, additional paid-in-capital account...

Answered: 1 week ago

Question

★★★★★

for many of its soup and casserole items. The per-bag purchase cost of all bags received in January was $30. Use the following information to calculate the value of ground beet The Pleasant Meadows...

Answered: 1 week ago

Question

★★★★★

Interest Accruals Adjusting Entries Practice Set A. XYZ, Inc., a corporation in the film industry, made a short-term loan to one of their employees an aspiring actor, Johnny Debt. The note was made...

Answered: 1 week ago

Question

★★★★★

What experience you have with computers and taking online courses. Are you ready to get certified in Network , and how might doing so help you with a future job and/or career

Answered: 1 week ago

Question

★★★★★

Doyen Constructions Pty Ltd is a multinational construction and property investment company based in Sydney. After failure to make profits from a number of construction projects with major commercial...

Answered: 1 week ago

Question

★★★★★

Take notes throughout the ELO then complete the following questions that apply to your selected event. (you can develop your own questions that explain your experience attending the event) 1. Explain...

Answered: 1 week ago

Question

★★★★★

2. I try to be as logical as possible

Answered: 1 week ago

Question

★★★★★

1. To understand the prerequisites for personal communication mastery.

Answered: 1 week ago

Question

★★★★★

2. To understand different focus areas for personal communication mastery.

Answered: 1 week ago

Previous Question Next Question