Homework Answers
Quick ratio = Quick assets/Current liabilities
= (10000+12000+25000)/(10000+27000)
Quick ratio = 1.27:1
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5. Calculate the quick ratio (acid test ratio) for a company given the following information: Cash A/R (net) Invent...
Assuming the following information calculate the acid (quick) ratio: current liabilities $25,000. long term liabilities $50,000,...
Assuming the following information calculate the acid (quick) ratio: current liabilities $25,000. long term liabilities $50,000, cash $10,000, inventory $30,000, accounts receivable $30,000.
Problem 3 Calculate the following information: 1. Quick ratio 2. Accounts receivable turnover ratio 3. Net...
Problem 3 Calculate the following information: 1. Quick ratio 2. Accounts receivable turnover ratio 3. Net return on total assets 4. Total liabilities to total assets ratio 5. Times interest earned ratio 6. Return on sales 7. Return on equity Sales: $750,000 Cash: $50,000 Inventory: $150,000 Common Stock: $100,000 Accounts Payable: $100,000 Prepaid expenses: $30,000 so, sou Long term debt: $200,000 Land and Building: $500,000 Operating Income: $450,000 Taxes: $200,000 Accounts Receivable: $70,000 Retained Earnings: $400,000 Cost of Sales: $300,000...
Calculate the Quick Ratio for this year PETE'S POTATO & PASTA, INC. BALANCE SHEET ENDING DECEMBER...
Calculate the Quick Ratio for this
year
PETE'S POTATO & PASTA, INC. BALANCE SHEET ENDING DECEMBER 31st ASSETS This year Last year $ Current assets Cash and cash equivalents Accounts receivable Inventory Total current assets 10,000 35,000 25,000 70,000 10,000 30,000 20.000 60,000 $ Fixed assets Plants and machinery Less depreciation Land Intangible Assets TOTAL ASSETS 20,000 -12,000 8,000 2,000 88,000 20,000 -10,000 8,000 1,500 79,500 LIABILITIES and SHAREHOLDERS' EQUITY $ Liabilities Accounts payable Taxes payable Long-term bonds issued TOTAL...
Refer to Dino's information below and calculate the following ratios: Working capital ratio, quick ratio/acid test,...
Refer to Dino's information below and calculate the following
ratios: Working capital ratio, quick ratio/acid test, earnings per
share, price-earnings ratio, debt-equity ratio, and return on
equity. Clearly provide each formulae, numbers and work associated,
along with the answers.
For each ratio you calculated, provide an analytic statement in
which you comment on how the ratio can affect specific decisions
that need to be made within the organization.
Notes:
Each statement must be at least one full paragraph, explaining
the...
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
Requirement 1. Compute PilgrimPilgrim's quick (acid-test) ratio at the end of 20192019. Round to two decimal...
Requirement 1. Compute PilgrimPilgrim's quick (acid-test) ratio at the end of 20192019. Round to two decimal places. How does the quick ratio compare with the industry average of 0.92? Begin by selecting the formula, then enter the amounts and compute the quick (acid-test) ratio. (Abbreviation used: Cash* = Cash and cash equivalents. Round the quick (acid-test) ratio to two decimal places.) Cash* + Short-term investments + Net current receivables / Total current liabilities = Quick (acid-test) ratio 104000 / 104000...
The Young Company has the following assets and liabilities: ASSETS Cash $35,000 Accounts receivable 15,000 Inventory...
The Young Company has the following assets and liabilities: ASSETS Cash $35,000 Accounts receivable 15,000 Inventory 30,000 Equipment 50,000 LIABILITIES Current portion of long-term debt 10,000 Accounts payable 2,000 Long-term debt 25,000 Determine the quick ratio (rounded to one decimal point). 13.0 4.2 6.7 3.5
prepaid expenses = $50,000 Problem 3 Calculate the following information: 1. Quick ratio 2. Accounts receivable...
prepaid expenses = $50,000
Problem 3 Calculate the following information: 1. Quick ratio 2. Accounts receivable turnover ratio 3. Net return on total assets 4. Total liabilities to total assets ratio 5. Times interest earned ratio 6. Return on sales 7. Return on equity Sales: $750,000 Cash: $50,000 Inventory: $150,000 Common Stock: $100,000 Accounts Payable: $100,000 Prepaid expenses: $50,000 Long term debt: $200,000 Land and Building: $500,000 Operating Income: $450,000 Taxes: $200,000 Accounts Receivable: $70,000 Retained Earnings: $400,000 Cost of...
(prepaid expenses are $50,000) Problem 3 Calculate the following information: 1. Quick ratio 2. Accounts receivable...
(prepaid expenses are $50,000)
Problem 3 Calculate the following information: 1. Quick ratio 2. Accounts receivable turnover ratio 3. Net return on total assets 4. Total liabilities to total assets ratio 5. Times interest earned ratio 6. Return on sales 7. Return on equity Sales: $750,000 Cash: $50,000 Inventory: $150,000 Common Stock: $100,000 Accounts Payable: $100,000 Prepaid expenses: $50,000 Long term debt: $200,000 Land and Building: $500,000 Operating Income: $450,000 Taxes: $200,000 Accounts Receivable: $70,000 Retained Earnings: $400,000 Cost of...
Question Completion Status: QUESTION 1 Find the best match A. Acid test ratio or Quick ratio...
Question Completion Status: QUESTION 1 Find the best match A. Acid test ratio or Quick ratio - - Current Assets - current liabilities 7 Current assets divided by current liabilities B. Current Ratio (Current assets-prepaid expenses-merchandise inventory) divided by current liabilities C. Working capital D. Gross Margin Ratio QUESTION 2 James Company's current assets are Cash-$40,000, Accounts Receivable $5000, Inventory $3000, and prepaid expenses $2000. Their current liabilities are $10,000. Their long term liabilities were $20,000. What is the company's...
Problem 3 Calculate the following information: 1. Quick ratio 2. Accounts receivable turnover ratio 3. Net return on total assets 4. Total liabilities to total assets ratio 5. Times interest earned ratio 6. Return on sales 7. Return on equity Sales: $750,000 Cash: $50,000 Inventory: $150,000 Common Stock: $100,000 Accounts Payable: $100,000 Prepaid expenses: $30,000 so, sou Long term debt: $200,000 Land and Building: $500,000 Operating Income: $450,000 Taxes: $200,000 Accounts Receivable: $70,000 Retained Earnings: $400,000 Cost of Sales: $300,000...
Calculate the Quick Ratio for this
year
PETE'S POTATO & PASTA, INC. BALANCE SHEET ENDING DECEMBER 31st ASSETS This year Last year $ Current assets Cash and cash equivalents Accounts receivable Inventory Total current assets 10,000 35,000 25,000 70,000 10,000 30,000 20.000 60,000 $ Fixed assets Plants and machinery Less depreciation Land Intangible Assets TOTAL ASSETS 20,000 -12,000 8,000 2,000 88,000 20,000 -10,000 8,000 1,500 79,500 LIABILITIES and SHAREHOLDERS' EQUITY $ Liabilities Accounts payable Taxes payable Long-term bonds issued TOTAL...
Refer to Dino's information below and calculate the following
ratios: Working capital ratio, quick ratio/acid test, earnings per
share, price-earnings ratio, debt-equity ratio, and return on
equity. Clearly provide each formulae, numbers and work associated,
along with the answers.
For each ratio you calculated, provide an analytic statement in
which you comment on how the ratio can affect specific decisions
that need to be made within the organization.
Notes:
Each statement must be at least one full paragraph, explaining
the...
prepaid expenses = $50,000
Problem 3 Calculate the following information: 1. Quick ratio 2. Accounts receivable turnover ratio 3. Net return on total assets 4. Total liabilities to total assets ratio 5. Times interest earned ratio 6. Return on sales 7. Return on equity Sales: $750,000 Cash: $50,000 Inventory: $150,000 Common Stock: $100,000 Accounts Payable: $100,000 Prepaid expenses: $50,000 Long term debt: $200,000 Land and Building: $500,000 Operating Income: $450,000 Taxes: $200,000 Accounts Receivable: $70,000 Retained Earnings: $400,000 Cost of...
(prepaid expenses are $50,000)
Problem 3 Calculate the following information: 1. Quick ratio 2. Accounts receivable turnover ratio 3. Net return on total assets 4. Total liabilities to total assets ratio 5. Times interest earned ratio 6. Return on sales 7. Return on equity Sales: $750,000 Cash: $50,000 Inventory: $150,000 Common Stock: $100,000 Accounts Payable: $100,000 Prepaid expenses: $50,000 Long term debt: $200,000 Land and Building: $500,000 Operating Income: $450,000 Taxes: $200,000 Accounts Receivable: $70,000 Retained Earnings: $400,000 Cost of...
Question Completion Status: QUESTION 1 Find the best match A. Acid test ratio or Quick ratio - - Current Assets - current liabilities 7 Current assets divided by current liabilities B. Current Ratio (Current assets-prepaid expenses-merchandise inventory) divided by current liabilities C. Working capital D. Gross Margin Ratio QUESTION 2 James Company's current assets are Cash-$40,000, Accounts Receivable $5000, Inventory $3000, and prepaid expenses $2000. Their current liabilities are $10,000. Their long term liabilities were $20,000. What is the company's...
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