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

Question

1 Approved Answer

Phillips, Inc. had the following financial data for the year ended December 31, 2025. Cash $42,000 Cash equivalents 78,000 Long term investments 58,000 Total current

image text in transcribed
Phillips, Inc. had the following financial data for the year ended December 31, 2025. Cash $42,000 Cash equivalents 78,000 Long term investments 58,000 Total current liabilities 150,000 What is the cash ratio as of December 31, 2025, for Phillips, Inc.? (Round your answer to two decimal places.) O A. 0.39 B. 0.46 OC. 0.80 OD. 0.28

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

AML Auditing Understanding Clearing Corps And Depositories What Every AML KYC Auditor Should Know

AML Auditing Understanding Clearing Corps And Depositories What Every AML KYC Auditor Should Know

Authors: Bob Walsh

1st Edition

1539593770, 978-1539593775

More Books

Students also viewed these Accounting questions

Question

★★★★★
What is a junk bond?

Answered: 1 week ago

Question

★★★★★
Al-Rawnaq, Oman is currently working on 90% capacity and produces 25,000 units. Particulars Variable overheads At 90% Capacity (OMR) 18,000 Indirect Material Indirect Labor Semi-variable overheads...

Answered: 1 week ago

Question

★★★★★
Give a brief defi ni tion of the terms population and sample.

Answered: 1 week ago

Question

★★★★★
A bank sampled its customers to determine the proportion of customers who use their debit card at least once each month. A sample of 50 customers found that only 12 use their debit card monthly. Find...

Answered: 1 week ago

Question

★★★★★
Quantitative Problem 1: Hubbard Industries just paid a common dividend, D 0 , of $1.20. It expects to grow at a constant rate of 3% per year. If investors require a 9% return on equity, what is the...

Answered: 1 week ago

Question

★★★★★
Pelo valor nominal de $ 10.000,00 uma pessoa recebeu $ 9.556,94 como sendo o valor atual comercial. Qual foi a antecipao, se a taxa de juros adotada tivesse sido de 29%a.a. ? O FAZ A CONTA?

Answered: 1 week ago

Question

★★★★★
Change is inevitable when it comes to health and healthcare. Patients are going to have changing diagnoses and have a change in health at any time. In this case study, we saw a few things change...

Answered: 1 week ago

Question

★★★★★
In the Final dept of OMEGA Co. materials are introduced when processing is half-done. In May 19x6, charges to this department were: May 1 inventory, 15000 units (40% done) Received from prior...

Answered: 1 week ago

Question

★★★★★
Blade Angle of Attack. The BK 117 helicopter has the following characteristics: m = 3200 kg f = 1.55 m2 (estimated) _T = 8 = 0.074 = 6.61 (at sea level) R = 5.5 m V_tip = 221 m/s a = 5.79 per radian...

Answered: 1 week ago

Question

★★★★★
Data for Manufacturing Division of a company is as follows: Manufacturing Division Division Current ROI 25% Projected ROI on new Investment Project 17% Corporate Average ROI 15% Investment Required...

Answered: 1 week ago

Question

★★★★★
Income statements for the most recent period for each product line are presented below: Product A Product B Product C Sales $3,000 $900 $480 -Variable manufacturing costs -2,100 - 700 - 300 -Variable...

Answered: 1 week ago

Question

★★★★★
2. I reject the harm than can result from reacting emotionally when I am upset and getting angry or feeling battered.

Answered: 1 week ago

Question

★★★★★
7. What decisions would you make as the city manager?

Answered: 1 week ago

Question

★★★★★
8. How would you explain your decisions to the city council?

Answered: 1 week ago

Previous Question Next Question