Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

I NEED THE LAST QUESTION ANSWERED. I DONT THINK ITS RIGHT M I NIU-JUJO11/62&questionid=16 ACC 115 CC Spring 2020 Homework: Chapter 15 Score: 3.95 of

I NEED THE LAST QUESTION ANSWERED. I DONT THINK ITS RIGHT image text in transcribed

image text in transcribed

M I NIU-JUJO11/62&questionid=16 ACC 115 CC Spring 2020 Homework: Chapter 15 Score: 3.95 of 5 pts 16 of 17 (16 CO %E15-19 (similar to) Big Time Photo Shop has asked you to determine whether the company's ability to pay current liabilities and total abilities impre B!(Click the icon to view the data.) Read the requirements Now, compute the current ratios for 2018 and 2017. (Round your answers to two decimal places, XXX) 2018: 1.52 2017: 2.09 b. Compute the cash ratios for 2018 and 2017 Begin by selecting the formula to compute the cash ratio. Cash ratio (Cash Cash equivalents) / Total current liabilities Now, compute the cash ratios for 2018 and 2017. (Round your answers to two decimal places, XXX) 2018: 0.18 2017025 c. Compute the acid-test ratios for 2018 and 2017 Begin by selecting the formula to compute the acid-test ratio Acid-test ratio (CashShort-term investments + Net current receivables) / Total current abilities Now, compute the acid-test ratios for 2018 and 2017. (Round your answers to two decimal places, Xox.) 0.74 2018: 2017: 0.85 Click to select your answers) and then click Check Answer. All parts showing Clear Al MacBook Air o Score: 3.95 of 5 pts 16 of 17 (16 complete HW Score: 83.89%, 41.95 of Question Help E15-19 (similar to) Big Time Photo Shop has asked you to determine whether the company's ability to pay current liabilities a 111 Chok the icon to view the data) des improved or deteriorated during 2018. To answer this question, you gether the following data Read the requirements 2017085 d. Compute the debt ratio for 2018 and 2017 Begin by selecting the formula to computadoratio Debt ratio - Total lates/Total assets Now.compute the ratios for 2018 and 2017. (Round your answer to one oth of a percent, XX%) 2018 626% 2017: 49.8 % e. Compute the debt to equity ratios for 2016 and 2017 Begin by selecting the formula to compute the debt to equity ratio Detto equity Total libes Total equity Now, compute the detto equily ratios for 2016 and 2017 (Round your worst two decimal places, XXX) 2018 1.68 2017099 Evaluate the company's ability to pay is current abilities and total b esindustry werages for 2018. Ourrent cash rato: 0.40. acid tot 048 bit ratio 60, de The current ratio and addestratore vely low to the company appears to have the loudy to pay sabates. The detto equity to and the date mano are relatively high qui ratio:2.23.) so the company is overfoaded with debe Click to select your answers and then click Check Answer. All parts showing Clear All Final Check MacBook Air M I NIU-JUJO11/62&questionid=16 ACC 115 CC Spring 2020 Homework: Chapter 15 Score: 3.95 of 5 pts 16 of 17 (16 CO %E15-19 (similar to) Big Time Photo Shop has asked you to determine whether the company's ability to pay current liabilities and total abilities impre B!(Click the icon to view the data.) Read the requirements Now, compute the current ratios for 2018 and 2017. (Round your answers to two decimal places, XXX) 2018: 1.52 2017: 2.09 b. Compute the cash ratios for 2018 and 2017 Begin by selecting the formula to compute the cash ratio. Cash ratio (Cash Cash equivalents) / Total current liabilities Now, compute the cash ratios for 2018 and 2017. (Round your answers to two decimal places, XXX) 2018: 0.18 2017025 c. Compute the acid-test ratios for 2018 and 2017 Begin by selecting the formula to compute the acid-test ratio Acid-test ratio (CashShort-term investments + Net current receivables) / Total current abilities Now, compute the acid-test ratios for 2018 and 2017. (Round your answers to two decimal places, Xox.) 0.74 2018: 2017: 0.85 Click to select your answers) and then click Check Answer. All parts showing Clear Al MacBook Air o Score: 3.95 of 5 pts 16 of 17 (16 complete HW Score: 83.89%, 41.95 of Question Help E15-19 (similar to) Big Time Photo Shop has asked you to determine whether the company's ability to pay current liabilities a 111 Chok the icon to view the data) des improved or deteriorated during 2018. To answer this question, you gether the following data Read the requirements 2017085 d. Compute the debt ratio for 2018 and 2017 Begin by selecting the formula to computadoratio Debt ratio - Total lates/Total assets Now.compute the ratios for 2018 and 2017. (Round your answer to one oth of a percent, XX%) 2018 626% 2017: 49.8 % e. Compute the debt to equity ratios for 2016 and 2017 Begin by selecting the formula to compute the debt to equity ratio Detto equity Total libes Total equity Now, compute the detto equily ratios for 2016 and 2017 (Round your worst two decimal places, XXX) 2018 1.68 2017099 Evaluate the company's ability to pay is current abilities and total b esindustry werages for 2018. Ourrent cash rato: 0.40. acid tot 048 bit ratio 60, de The current ratio and addestratore vely low to the company appears to have the loudy to pay sabates. The detto equity to and the date mano are relatively high qui ratio:2.23.) so the company is overfoaded with debe Click to select your answers and then click Check Answer. All parts showing Clear All Final Check MacBook Air

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_2

Step: 3

blur-text-image_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

Forensics Audits And Dreaming

Authors: Helgard Petrus - Coetser

1st Edition

1664260250, 978-1664260252

More Books

Students also viewed these Accounting questions