Answered step by step

Verified Expert Solution

Link Copied!

Question

1 Approved Answer

Posted on Jul 31, 2024

A company with working capital of $444,244 and a current ratio of 3.7 pays a $81,850 short-term liability. Determine the amount of working capital immediately

A company with working capital of $444,244 and a current ratio of 3.7 pays a $81,850 short-term liability. Determine the amount of working capital immediately after payment.

Select the correct answer.

$526,094

$81,850

$362,394

$444,244

NEED ANSWER QUICK!

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

Comparative International Accounting

Authors: Christopher Nobes, R. H. Parker

7th Edition

0273655833, 9780273655831

More Books

Students also viewed these Accounting questions

Question

★★★★★

What are the conditions for third normal form (3NF)?

Answered: 1 week ago

Question

★★★★★

We wish to use the Kaiser Window method to design a real-valued FIR filter with generalized linear phase that meets the following specifications: This specification is to be met by applying the...

Answered: 1 week ago

Question

★★★★★

1. Remember that the media center and computers need electrical outlets.

Answered: 1 week ago

Question

★★★★★

The partners in the Biz Partnership have agreed that partner Mandy may sell her $100,000 equity in the partnership to Brittney, for which Brittney will pay Mandy $85,000. Present the partnerships...

Answered: 1 week ago

Question

★★★★★

Cul de las siguientes es una afirmacin incorrecta? A. una corporacin puede presentar una demanda en su propio nombre sin que los directores presenten una demanda B. una corporacin puede celebrar un...

Answered: 1 week ago

Question

★★★★★

An economy starts with $100,000 in currency. All of this currency is deposited into a single bank, and the bank then makes loans totaling $92,50. 1.Draw the banks T-account 2.In which banking system...

Answered: 1 week ago

Question

★★★★★

2. Your group will identify a Department of Tourism (DOT)-accredited tourism and hospitality establishment in your area. Through observation and interview, you will validate the presence or absence...

Answered: 1 week ago

Question

★★★★★

Lorch Company prepares monthly cash budgets. Relevant data from operating budgets for 2021 are as follows: January February Sales $352,000 $398,000 Direct materials purchases 121,000 110,000 Direct...

Answered: 1 week ago

Question

★★★★★

AirQual Test Corporation provides on-site air quality testing services. The company provided the following cost formulas and actual results for the month of February: 09 Fixed Component per Month...

Answered: 1 week ago

Question

★★★★★

INP 4203 Final Exam Review Chapter 9 Pay for Performance: Theory and Evidence What is a flexible benefit? What does someone with low self-esteem seek? What is the equity theory? What is distributive...

Answered: 1 week ago

Question

★★★★★

The components of which one of the following calculations seen on an income statement is identical for property-casualty insurers and noninsurers? Available answer options Select only one option A...

Answered: 1 week ago

Question

★★★★★

3. Would you like to work at a Stew Leonards retail store? Develop your rationale for employment or nonemployment.

Answered: 1 week ago

Question

★★★★★

2. The book encourages readers to pay attention to what is happening around them, anticipate change, and look at the opportunities that exist outside their comfort zones. How does this reflect on...

Answered: 1 week ago

Question

★★★★★

2. Your goals play a key role in bringing purpose and direction to your life. Identify the short-term goals that are currently influencing your behavior. What long-term goals do you hope to achieve...

Answered: 1 week ago

Previous Question Next Question