Mark Enterprises has current assets of $80,000 and current liabilities of $20,000. Its current ratio and working

Question:

Mark Enterprises has current assets of $80,000 and current liabilities of $20,000. It’s current ratio and working capital are:

a. .25:1; $60,000

b. 4:1; $60,000

c. .25:1; $80,000

d. 4:1; $80,000

Fantastic news! We've Found the answer you've been seeking!

Step by Step Answer:

Related Book For book-img-for-question

Financial Accounting

ISBN: 9780471169208

2nd Edition

Authors: Paul D. Kimmel, Jerry J. Weygandt, Donald E. Kieso

See More Books

Question Posted: Jun 13, 2024 02:10 AM

See More Questions

The questions are attached below. These questions are not posted online so please do not provide calculations that are posted online. 5/14/2017 1. Assignment Print View Award: 8.33 points Construct a...
See page 129- 137 on attachment for more details there are five steps to the project. Step 1: Create the loan amortization schedule for the property. Step 2: Create the depreciation schedule. Step 3:...
Please answer me page 51 to page 56 on the attachment. is a multiple choice questions. Thank you FAC1502/101/3/2016 Tutorial letter 101/3/2016 Financial accounting concepts, principles and procedures...
Herbs Pty Ltd is considering investing in a new herb packaging machine. The machine is estimated to cost $80,000 which can last for 7 years before it becomes too costly to maintain and can be sold...
A nonlinear spring has the force versus displacement relation of F = kns(x x0)n. If the spring end is moved to x1 from the relaxed state, determine the formula for the required work.
Environmentally conscious Susan has been told that a new electric car will only generate 6 ounces of greenhouse gases (GHGs) per mile, but that a standard internal combustion car is double that at 12...
Imagine that you are conducting a case study research project for your accounting information systems class in a small business that is local. Assume that the business is a local but large fitness...
Lisa Grattan, a financial analyst for a small investment firm, collects annual stock return data for 10 firms in the energy industry, 13 firms in the retail industry, and 16 firms in the utilities...
Transcribed image text: Kevin Hall is a young entrepreneur preparing to start a company that will sell floating lounge chairs for use in private pools. As part of a loan package, the bank has asked...
Hernandez Company has a retained earnings balance of $162,000 at the beginning of the period. At the end of the period, the retained earnings balance was $220,000. Assuming a dividend of $25,000 was...
The accounting constraint that refers to the tendency of accountants to resolve uncertainty in favor of understating assets and revenues is known as (the): a. matching principle. b. materiality. c....
What is hyperlocal social marketing? Why might a retailer use this approach?
It's no surprise that Google has topped the list of Fortune 100's " Best Companies to Work for " yet again this year for a grand total of four times. Their jaw-dropping company campus Googleplex is...
The things that demotivate individuals are not necessarily the same things that motivate them. In other words, it is not necessarily the absence of motivating factors that will cause individuals to...
There are numerous pieces of legislation and policies that work to combat child abuse and neglect. Some have been long standing and work effectively, while others have inherent problems and have...
In late January 2020, we became aware that someone in the United States tested positive for COVID-19 and that the virus was starting to spread. We witnessed the virus spread rapidly in the United...
1. What was the most effective group (or team) that you have been a member of? a. What made that group so effective, what factors influenced the group's effectiveness? b. What would you change about...
In a game of pool, ball A is moving with a velocity v0 of magnitude v0 = 15 ft/s when it strikes balls B and C, which are at rest and aligned as shown. Knowing that after the collision the three...
Why do CPA firms sometimes use a combination of positive and negative confirmations on the same audit?
dy What is the general solution to the differential equation = Vy - Vysin x for y > 0 ? A y = Ce2:+2 cos a B y = (2 (x + cos x + C)) C y = = ( 2 + cos 2 )2 + 0 D y = = (x + cos * + 0)
Find the exact value of the expression. 5 tan sin - 1 13 + cos - 11 tan sin - 1 5 + cos 13 (Type an exact answer in simplified form.)
Find the first six coefficients for which the following identity holds on some nonempty open interval including a: : 0: (X1 456267437: 2 6,133". 71:0 Answers: C0: (31 (:2: Cg: C4: C5

Mark Enterprises has current assets of $80,000 and current liabilities of $20,000. Its current ratio and working

Question:

Step by Step Answer:

Financial Accounting

Students also viewed these Business questions