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I already went over it but my number seem off. Any help Problem 11-11 (Algo) Review problem-understanding liquidity measures LO 1 Assume that the current
I already went over it but my number seem off. Any help
Problem 11-11 (Algo) Review problem-understanding liquidity measures LO 1 Assume that the current ratio for Arch Company is 25. its acid-test ratio is 15, and is working capital is $310.000. Answer each of the following questions independently always referring to the original information Required: How much does the firm have in current abilities? (Do not round intermediate calculations) ts. If the only current assets shown on the balance sheet for Arch Company ate Cash, Accounts Receivable, and Merchandise Inventory, how much does the firm have in Merchandise Inventory? (Do not round intermediate calculation) c. the firm collects an account receivable of $111.000, what wil its new current ratio and working capital be? (Round "Current ratio to 1 decimal place.) d. If the firm pays an account payable of $51,000, what wil its new current ratio and working capital be? (Do not round Intermediate calculations. Round "Current ratio" to 1 decimal place.) e. If the firm sells inventory that was purchased for $50,000 at a cash price of $60,000, what will its new acid test ratio be? (Do not round intermediate calculations. Round your answer to o 1 decimal place) b. Current labs Merchandise Inventory Current ratie Working capital Current Waking capital Add test ratio Id Step by Step Solution
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