HomeworkLib
Question

Calculate the value of inventory given the following information: current ratio = 2.20; quick ratio =...

Calculate the value of inventory given the following information: current ratio = 2.20; quick ratio = 1.80; current assets = $275.

answers:

a. 70

b. 50

c. 40

d. 80

e. 60

business   finance   
0 0
Add a comment Improve this question Transcribed image text
Next > < Previous
Sort answers by oldest

Homework Answers

Answer #1

0 0
Add a comment
Know the answer?
Add Answer to:
Calculate the value of inventory given the following information: current ratio = 2.20; quick ratio =...
Your Answer:

Post as a guest

Your Name:

What's your source?

Earn Coins

Coins can be redeemed for fabulous gifts.

Log In

Sign Up

Not the answer you're looking for? Ask your own homework help question. Our experts will answer your question WITHIN MINUTES for Free.
Similar Homework Help Questions

  • Which of the following is the most desirable quick ratio: a. 1.80 b. 1.50 c. 2.20...

    Which of the following is the most desirable quick ratio: a. 1.80 b. 1.50 c. 2.20 d. 1.95

  • Is there an "Accounts Receivable" in the given information? I need to calculate the quick ratio...

    Is there an "Accounts Receivable" in the given information? I need to calculate the quick ratio and cash ratio, but get the same answer for both as i don't see an Accounts Receivable for the quick ratio. Current assets: Cash and cash equivalents Short-term investments Other current assets Merchandise inventory - net Total current assets Property, less accumulated depreciation Long-term investments Deferred income taxes - net Goodwill Other assets Total assets

  • Use the following information and calculate the quick ratio for Davis Company and for Bender Inc....

    Use the following information and calculate the quick ratio for Davis Company and for Bender Inc. Davis Co. Bender Inc. Account Dr. Cr. Dr. Cr. Cash $321 $425 Cash equivalents 88 95 Current notes receivable 56 46 Accounts receivable 603 307 Prepaid expenses 55 85 Merchandise inventory 714 898 Fixed assets 920 755 Accumulated depreciation—Fixed assets $415 $225 Accounts payable 260 198 Current accrued liabilities 213 149 Mortgage payable 917 824 Capital 952 1,215 Total $2,757 $2,757 $2,611 $2,611 a....

  • 1. calculate current ratio? 2. calculate the quick ratio of this company? 3. 3. part 3...

    1. calculate current ratio? 2. calculate the quick ratio of this company? 3. 3. part 3 is complete in 2 pictures .. 4. what is compro' debt ratio? 5. 6. what is amount of working capital? 7. what does the working capital of company show? please please solve all 7 part. I really need it. thanks [The following information applies to the questions displayed below.) Shown below are selected data from the balance sheet of Compros, a small electronics store...

  • Determine the effect on the current ratio, quick ratio, net working capital (current assets minus current...

    Determine the effect on the current ratio, quick ratio, net working capital (current assets minus current liabilities), the debt ratio (total liabilities to total assets) of each of the following transactions. Consider each transaction seperately and assume that prior to each transaction the current ratio is 1.8x, the quick ratio is 1.5x, and the debt ratio is 75%. Think about what is included in each portion of the ratio. Use "I" for increase, "D" for decrease, and "N" for no...

  • quick ratio that is much smaller than the current ratio reflects A

    quick ratio that is much smaller than the current ratio reflects A. a small portion of current assets is in inventory. B. that the firm will have a high inventory turnover. C. that the firm will have a high return on assets. D. a large portion of current assets is in inventory.

  • 5. Calculate the quick ratio (acid test ratio) for a company given the following information: Cash A/R (net) Invent...

    5. Calculate the quick ratio (acid test ratio) for a company given the following information: Cash A/R (net) Inventory Short term investments Fixed Assets (net) Long-term investments $10,000 $12,000 $30,000 $25,000 $115,000 $150,000 Accounts Payable $10,000 Other Short term liabilities: $27,000 Long-term liabilities: $50,000

  • Instructions For 2017 and 2018, calculate current ratio, quick (acid-test) ratio, inventory turnover and days' inventory...

    Instructions For 2017 and 2018, calculate current ratio, quick (acid-test) ratio, inventory turnover and days' inventory outstanding (DIO), accounts receivable turnover, days' sales in average receivables or days' sales outstanding (DSO), accounts payable turnover, days' payable outstanding (DPO), and cash conversion cycle (in days). a. Use the cost of goods sold in the formula for accounts payable turnover. b. Use a 365-day year for calculations as needed. c. Use cell references from prior calculations, if applicable. (Always use cell references...

  • Calculate the current ratio and the quick ratio for the following partial financial statement for Tootsie...

    Calculate the current ratio and the quick ratio for the following partial financial statement for Tootsie Roll. (Round your answers to the nearest hundredth.) Assets Liabilities; Current assets: Cash and cash equivalents (Note 1) $ 4,364,190 Investments (Note 1) 32,673,769 Accounts receivable, less allowances of $762,000 and $758,000 16,346,648 Inventories (Note 1 Finished goods and work in progress 12,790,955 Raw materials and supplies 10,415,858 Prepaid expenses 2,177,710 Current liabilities: Notes payable to banks $ 532,221 Accounts payable 6,864,075 Dividends payable...

  • Given the following information, compute the current and quick ratios: Cash $ 120,000 Accounts receivable 379,000...

    Given the following information, compute the current and quick ratios: Cash $ 120,000 Accounts receivable 379,000 Inventory 493,000 Current liabilities 450,000 Long-term debt 631,000 Equity 626,000 Round your answers to two decimal places. Current ratio: :1 Quick ratio: :1

ADVERTISEMENT
Free Homework Help App
Download From Google Play
Scan Your Homework
to Get Instant Free Answers
Need Online Homework Help?
Ask a Question
Get Answers For Free
Most questions answered within 3 hours.
ADVERTISEMENT
ADVERTISEMENT