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

Question

1 Approved Answer

James Company's current assets are Cash-$40,000, Accounts Receivable $5000, Inventory $3000, and prepaid expenses $2000. Their current liabilities are $10,000. Their long term liabilities were

James Company's current assets are Cash-$40,000, Accounts Receivable $5000, Inventory $3000, and prepaid expenses $2000. Their current liabilities are $10,000. Their long term liabilities were $20,000.

- A. B. C. D.

What is the company's working capital?
- A. B. C. D.

What is James company's current ratio?
- A. B. C. D.

What is the company's quick ratio?
- A. B. C. D.

How much are James Company's total liabilities?

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

Guide To The Implementation And Auditing Of ISMS Controls Based On ISO/IEC 27001

Guide To The Implementation And Auditing Of ISMS Controls Based On ISO/IEC 27001

Authors: Edward Humphreys

1st Edition

ISBN: 0580829103, 978-0580829109

More Books

Students also viewed these Accounting questions

Question

★★★★★
In July, the following transactions occurred for Andys Fitness Training Studio of Sydney: Required a. The ledger is already set up for you based on the Chart of Accounts. b. Journalize (all page 1)...

Answered: 1 week ago

Question

★★★★★
What is a learning organization?

Answered: 1 week ago

Question

★★★★★
=+ (c) Show that, if F ., = > F and F is everywhere continuous, then F.(x) - F(x) uniformly in x. What if F is continuous over a closed interval?

Answered: 1 week ago

Question

★★★★★
On January 1, 2021, Acme Co. is considering purchasing a 40 percent ownership interest in PHC Co., a privately held enterprise, for $700,000. PHC predicts its profit will be $185,000 in 2021,...

Answered: 1 week ago

Question

★★★★★
Which of the following is true of coercive power? Group of answer choices It is based on an agent's ability to cause a target to have an unpleasant experience. It is based on an agent's ability to...

Answered: 1 week ago

Question

★★★★★
Using the following accounts and balances, prepare the Stockholders Equity section of the balance sheet. Refer to the lists of Accounts and Amount Descriptions provided for the exact wording of the...

Answered: 1 week ago

Question

★★★★★
Differentiate 3sin(9x+2x)

Answered: 1 week ago

Question

★★★★★
Compute the derivative f(x)=(x-a)(x-b)

Answered: 1 week ago

Question

★★★★★
The following fact pattern applies to questions 1 and 2. Brigid entered into a contract with L. Marcus Marine ("LMM") to perform repairs and updates to her sailboat for $15,000. The work was to be...

Answered: 1 week ago

Question

★★★★★
An SLA manager compares the usage of a system against: Question 1Select one: a. A pay-per-use measurement repository b. An SLA monitor agent c. A quality-of-service measurement repository d. A...

Answered: 1 week ago

Question

★★★★★
Prepare the text of a form message to be sent to each applicant acknowledging his or her application.

Answered: 1 week ago

Question

★★★★★
2. What are the different types of networks?

Answered: 1 week ago

Question

★★★★★
Prepare the text of a form message to be sent to the applicants you will not interview.

Answered: 1 week ago

Previous QuestionNext Question