Answered step by step

Verified Expert Solution

Link Copied!

Question

1 Approved Answer

Posted on Aug 09, 2024

The quick ratio is 0.88. Current assets are $99,000 and current liabilities are $82,000. What is the amount in the inventory account? The amount of

The quick ratio is 0.88. Current assets are $99,000 and current liabilities are $82,000. What is the amount in the inventory account? The amount of inventory is: (Select the best choice below.) O A. $24.156 O B. $21,740 OC. $30.866 OD. $26,840 O E. $27.914

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

Corporate Financial Management

Authors: Julian Ralph Franks, Harry H. Scholefield

2nd Edition

0566020548, 978-0566020544

More Books

Students also viewed these Finance questions

Question

★★★★★

Compare the discrete-approximation methods by doing the following: a. Use the extended Pearson-Tukey method to create three-point discrete approximations for the continuous distributions assessed in...

Answered: 1 week ago

Question

★★★★★

3 How would you compare the impact of live coaching, enactments and between-session experiments in teams?

Answered: 1 week ago

Question

★★★★★

Stave Company invests $10,000,000 in 5% fixed rate corporate bonds on January 1, 2017. All the bonds are classified as available-for-sale and are purchased at par. At year-end, market interest rates...

Answered: 1 week ago

Question

★★★★★

identify each of the following characteristics as being an advantage a disadvantage or not applicable to the corporate form of business organization Identify each of the following characteristics as...

Answered: 1 week ago

Question

★★★★★

Cash flow from assets. Use the data from the following financial statements in the popup window, LOADING.... The company paid interest expense of $ 17 comma 300 for 2017 and had an overall tax rate...

Answered: 1 week ago

Question

★★★★★

You are a chairperson of source selection, evaluation board for a new jet engine. You had to brief a SSEB member on the procedures for protecting source selection, information what procedures would...

Answered: 1 week ago

Question

★★★★★

3. Plastex Corporation is considering expanding but wishes to control growth by imposing a limit on capital on capital expenditures of $500,000. The capital investment opportunities are: +...

Answered: 1 week ago

Question

★★★★★

Read this case, and just answer question 1 and 2, do not need to answer the rest of questions. 1.For HTC's hardware product revenue stream, what is the distinguishing factor that should be considered...

Answered: 1 week ago

Question

★★★★★

Pharmaceutical Benefits Managers (PBMs) are intermediaries between upstream drug manufacturers and downstream insurance companies. They design formularies (lists of drugs that insurance will cover)...

Answered: 1 week ago

Question

★★★★★

9 3 points 03:02:45 Skipped Javon Company set standards of 2 hours of direct labor per unit at a rate of $15.10 per hour. During October, the company actually uses 11,000 hours of direct labor at a...

Answered: 1 week ago

Question

★★★★★

Appreciate the services that consultants provide

Answered: 1 week ago

Question

★★★★★

Know about the different kinds of consultants

Answered: 1 week ago

Question

★★★★★

Know that arbitration is becoming more widely used in situations related to human resources

Answered: 1 week ago

Previous Question Next Question