Question
Robert is a manager of a small-scale firm. He needs to decide whether the firm has sufficient resources to meet its short-term obligations. Calculate the
Robert is a manager of a small-scale firm. He needs to decide whether the firm has sufficient resources to meet its short-term obligations. Calculate the ratio that Robert needs to calculate from the information given below.
| Cash and cash equivalents | $1,057,600 |
| Accounts receivables | 1,556,500 |
| Short-term investments | 770,300 |
| Other current assets | 420,500 |
| Accounts payable | 995,700 |
| Long-term debt | 528,000 |
| Short-term debt | 176,000 |
| Other current liabilities | 2,495,700 |
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Current ratio of 0.92
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Current ratio of 1.04
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Debt ratio of 1.26
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Debt ratio of 0.91
Robert is a manager of a small-scale firm. He needs to decide whether the firm has sufficient resources to meet its short-term obligations. Calculate the ratio that Robert needs to calculate from the information given below.
| Cash and cash equivalents | $1,057,600 |
| Accounts receivables | 1,556,500 |
| Short-term investments | 770,300 |
| Other current assets | 420,500 |
| Accounts payable | 995,700 |
| Long-term debt | 528,000 |
| Short-term debt | 176,000 |
| Other current liabilities | 2,495,700 |
-
Current ratio of 0.92
-
Current ratio of 1.04
-
Debt ratio of 1.26
-
Debt ratio of 0.91
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ISE Essentials Of Investments
Authors: Zvi Bodie, Alex Kane, Alan Marcus
12th International Edition
1265450099, 9781265450090
