Bretton Inc has the following data Current assets Cash $70,240 Accounts receivable 143,500 Inventories 202,700 Prepaid assets 52,325 Current liabilities $250,000 Compute Bretton 's quick ratio (Round to two decimal places ) ...

The Answer is in the image, click to view ...

Bretton Inc. has the following data: Current assets: Cash $70,240 Accounts receivable 143,500 Inventories 202,700 Prepaid assets

Fantastic news! We've Found the answer you've been seeking!

Question:

Bretton Inc. has the following data:

Current assets:
Cash	$70,240
Accounts receivable	143,500
Inventories	202,700
Prepaid assets	52,325

Current liabilities	$250,000

Compute Bretton's quick ratio. (Round to two decimal places.)

Posted Date: May 19, 2024 05:07 PM

See More Questions

describe the industry conditions of Apple Inc, the financial position of the company (relative to the industry and the company as a whole), the economic outlook of the company, and why you as a...
The comparative balance sheet of Iglesias Inc. for December 31, 20Y3 and 20Y2, is shown as follows: 1 Dec. 31, 20Y3 Dec. 31, 20Y2 2 Assets 3 Cash $625,680.00 $586,230.00 4 A...
Check my work Problem 2-15 Statement of Retained Earnings (LG2-1) Mr. Husker's Tuxedos Corp. began the year 2021 with $286 million in retained earnings. The firm earned net income of $48 million in...
What are the delta and gamma of an option?
Carow SA purchased on January 1, 2019, as a held-for-collection investment, 60,000 of the 8%, 5-year bonds of Harrison, Inc. for 65,118, which provides a 6% return. The bonds pay interest...
Comet Lee borrowed $16,000 on a 6%, 90-day note. After 20 days, Comet paid $2,000 on the note. One day 50, Comet paid $4,000 on the note. What are the total interest and ending balance due by the...
What is process maturity? AppendixLO1
Valley Pizzas owner bought his current pizza oven two years ago for $9,000, and it has one more year of life remaining, lie is using straight-line depreciation for the oven. He could purchase a new...
Share Issuances for Cash Henlay, Inc., Issued 10,000 shares of $10 par value preferred stock at $24 per share and 8,000 shares of no-par valut common stock at Sper share. The common stock has no...
When the GSS in USA most recently asked whether human beings developed from earlier species of animals, 53.8% of 1095 respondents answered that this was probably or definitely not true. Construct the...
As the human resource manager, how would you evaluate the training needs of your staff? How can you ensure that the training you would provide is effective? What data might be used to make your...
MARYLAND CORPORATION manufactures three liquid products - Alpha, Beta and Gamma using a joint process with direct materials, direct labor and overhead totaling $560,000 per batch. In addition, the...
Three common organizational structures. Mention one organization for each organizational structure which is following a specific organizational structure. Also, provide support to your answer by...
You are a retail manager at Kitchen Nightmare, a relatively new store at the mall that sells mostly items for kitchens, like forks, oven mitts, etc.. You have been open since the fall of 2021 and...
Examine the extent to which the Department of Veteran Affairs has established any processes or procedures to ensure knowledge retention of departing employees. Why is it important to manage the...
ONLY ANSWER IF YOU KNOW THE ANSWER. I'VE BEEN GETTING A LOT OF WRONG ANSWERS. A laptop manufacturer wants to compare the total cost of assembling its laptops in the United States versus Taiwan. All...
In each of the following independent cases, document the system using whatever technique(s) your instructor specifies. a. Dreambox Creations (www.dreamboxcreations.com/) in Diamond Bar, California,...
Where is accumulated depreciation reported on the balance sheet? AppendixLO1
What was Tootsie Roll's largest current asset at December 31, 2001? The answer to this question is provided on page101. AppendixLO1
What is the primary determining factor to distinguish current assets from long-term assets? AppendixLO1

Bretton Inc. has the following data: Current assets: Cash $70,240 Accounts receivable 143,500 Inventories 202,700 Prepaid assets

Question:

Expert Answer:

Students also viewed these accounting questions