Answered step by step

Verified Expert Solution

Link Copied!

Question

1 Approved Answer

Posted on Sep 18, 2024

The current assets of Pharoah Company are $331000. The current liabilities are $162000. The current ratio expressed as a proportion is $162000 + $331000. 204%

The current assets of Pharoah Company are $331000. The current liabilities are $162000. The current ratio expressed as a proportion is $162000 + $331000. 204% 0 .0.49:1. 2.04:1

Step by Step Solution

There are 3 Steps involved in it

Step: 1

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

Step: 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

Public Sector Accounting And Finance

Authors: Prof Stephen Sunday Sharang Ph.D.

1st Edition

979-8639273353

More Books

Students also viewed these Accounting questions

Question

★★★★★

a. Write a possible sequence for an mRNA segment coding for apamine. b. Do you think apamine is synthesized in the form shown in Problem 11, or is it more likely a product of proteolytic cleavage of...

Answered: 1 week ago

Question

★★★★★

Describe state court systems.

Answered: 1 week ago

Question

★★★★★

*8. Show that W is smaller in an model having arrivals at rate and service at rate 2 than it is in a two-server model with arrivals at rate and with each server at rate . Can you give an intuitive...

Answered: 1 week ago

Question

★★★★★

Berkman Wholesalers accepts from Almonte Stores a $6,200, 4-month, 9% note dated May 31 in settlement of Almontes overdue account. The maturity date of the note is September 30. What entry does...

Answered: 1 week ago

Question

★★★★★

A company sells a plant asset which originally cost $357000 for $121000 on December 31, 2021. The Accumulated Depreciation account had a balance of $145000 after the current year's depreciation of...

Answered: 1 week ago

Question

★★★★★

17 help 0 Question 17 v 80/1 pt '0 3 Z 19 G Details Data was collected for a sample of organic snacks. The amount of sugar (in mg) in each snack is summarized in the histogram below. 14 12 Frequency...

Answered: 1 week ago

Question

★★★★★

The consultant in the LOGage Company prepared accounts with the following normal balances: Cash $10,000, Salaries and Wages Expense $55,000, Service Revenue $105,000, Salaries and Wages Payable...

Answered: 1 week ago

Question

★★★★★

What most computer users don't know today is that anything done on a computer is never private. Bahaudin Mujtaba states in the Journal of Applied Management and Entrepreneurship, "e-mail is as public...

Answered: 1 week ago

Question

★★★★★

Research studies will include a Method, or Methodology section, which describes in detail how the study was undertaken. Which of the statements below is most accurate in regard to this?

Answered: 1 week ago

Question

★★★★★

Harwick Corporation has provided the following information for its segments: Revenues Operating profit Division A Division B Division C 7,800 297 1,450 13,500 Total 22,750 40 7 344 Which operating...

Answered: 1 week ago

Question

★★★★★

Assume: A percussion drill jumbo is operating in a drift in a hardrock mine under the following conditions: Rock: Minnesota quartzite Drilling rate (in Barre granite): 22 mm/sec Drillhole depth:...

Answered: 1 week ago

Question

★★★★★

Technology. Use the spell-check feature of your word processing program to check for errors in the following paragraph. Compare the results with errors you find as you proofread the text. (Objective...

Answered: 1 week ago

Question

★★★★★

In conjunction with the launch of a new program of study, your school will host an open house on the second Tuesday of next month. You have been asked to announce the event to the students in your...

Answered: 1 week ago

Question

★★★★★

Teamwork. Technology. Form a four-person group consisting of two subgroups. Each subgroup will find an appropriate substitute for the words in the following list. One subgroup will use a traditional...

Answered: 1 week ago

Previous Question Next Question