FREE Trial
Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

A firm's long term assets = $30,000, total assets = $180,000, inventory = $38,000 and current liabilities - $40,000. (Round your answers to 1 decimal

image text in transcribed
A firm's long term assets = $30,000, total assets = $180,000, inventory = $38,000 and current liabilities - $40,000. (Round your answers to 1 decimal place.) Multiple Choice current ratio - 8.8quick ratio 78 current ratio = 6.2. quick ratio = 5,3 current ratio = 13.8, quick ratio = 12.8

Step by Step Solution

There are 3 Steps involved in it

Step: 1

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

blur-text-image

Step: 3

blur-text-image

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

Multifractal Financial Markets An Alternative Approach To Asset And Risk Management

Multifractal Financial Markets An Alternative Approach To Asset And Risk Management

Authors: Yasmine Hayek Kobeissi

1st Edition

1461444896, 978-1461444893

More Books

Students also viewed these Finance questions

Question

★★★★★
The compressed-air requirements of a plant are being met by a 100-hp screw compressor that runs at full load during 40 percent of the time and idles the rest of the time during operating hours. The...

Answered: 1 week ago

Question

★★★★★
To conceptualise service supply chain models.

Answered: 1 week ago

Question

★★★★★
1. Explain various dimensions of workplace communication including different types of organizations and communication networks within organizations.

Answered: 1 week ago

Question

★★★★★
An XYZ April 2041 bond with a 5.5 percent coupon interest rate and a par value of $1,000 recently had a price of 95.625. Calculate the following: a. When will the bond mature? b. How much would you...

Answered: 1 week ago

Question

★★★★★
A firm's long term assets = $30,000, total assets = $180,000, inventory = $38,000 and current liabilities - $40,000. (Round your answers to 1 decimal place.) Multiple Choice current ratio - 8.8quick...

Answered: 1 week ago

Question

★★★★★
The excess of the fair market Value of the stock when a stock option is exercised over the exeecise price of the option is the

Answered: 1 week ago

Question

★★★★★
Troy and Kristy Reynolds (both currently age 56) have determined that they will require retirement income equal to $93,000 in today's dollars, based on their current income. They plan to retire in...

Answered: 1 week ago

Question

★★★★★
Troy and Kristy Reynolds (both currently age 56) have determined that they will require retirement income equal to $93,000 in today's dollars, based on their current income. They plan to retire in...

Answered: 1 week ago

Question

★★★★★
Which product formed from the complete saponification of the following triacylglycerol (shown) with sodium alkali (NaOH) will have the lowest melting point? HC HC-0 HC-0 9 12 15 Select an answer and...

Answered: 1 week ago

Question

★★★★★
you can get the required files from internet, please comment if you need anything else CORPORATE TAX RETURN PROJECT CASE INFORMATION - AC312 General Information Anna West and Zoe Waters each own...

Answered: 1 week ago

Question

★★★★★
Instruction Labels and Amount Descriptions Statement of Cost of Goods Manufactured Instruction Zoo Corporation has the following information for the month of March: $92,000 6,000 Be 8,000 re 25,000...

Answered: 1 week ago

Previous Question Next Question