Answered step by step
Verified Expert Solution
Link Copied!

Question

00
1 Approved Answer

Could please help me to solve the interest receivable? The example: And help me to solve this: Thank you very much. More info Apache Corporation

Could please help me to solve the interest receivable?

image text in transcribed

The example: image text in transcribed

And help me to solve this: image text in transcribed

Thank you very much.

More info Apache Corporation reported the following items at December 31, 2021, and 2020: (Click the icon to view the comparative financial information.) Read the requirements. Data table Requirement 1. Compute the company's (a) quick (acid-test) ratio and (b) days' sales outstanding for 2021. Evaluate each ratio value as strong or weak. All sales are on (a) Enter the formula and calculate the quick (acid-test) ratio for 2021. (Abbreviation used: Cash* = Cash and cash equivalents. Round your final answer to two decimal pl) Apache's quick (acid-test) ratio is considered fairly weak. (b) Select the formula and calculate Apache's days' sales outstanding for 2021. (Round interim calculations to two decimal places, XX.XX. Round the days' sales outstand Apache's days' sales outstanding relative to credit terms of net 30 days. Requirement 2. Recommend two ways for Apache to speed up its cash flow from receivables. Apache could speed up cash flows from receivables by offering discounts for early payments or increasing penalties for late payments Algonquin Corporation reported the following items at December 31, 2021, and 2020: (Click the icon to view the comparative financial information.) Read the (a) Enter the formula and calculate the quick (acid-test) ratio for 2021. (Abbreviation used: Cash* = Cash and cash equivalents. Round your final answer to two decimal places.) Data table

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access with AI-Powered 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

Students also viewed these Accounting questions

Question

Bookmark question for later What is human resource strategy

Answered: 1 week ago