Homework Answers
QUICK ASSETS: quick assets are those whick are transform into cash with in one year are already in cash form
Example: cash,marketable securities, accounts receivables.
1) computation of quick assets amount
Particulars Amount( in $ )
Accounts receivable 65000
Cash 30000
Marketable securities 36000
______________
Quick assets $ 131000
________________
Option- C is correct
2) computation of working capital
____________________________________
Working capital = Current assets - current liabilities
Current assets amount(in $ )
________________ _______________
Accounts receivable 65000
Cash 30000
Marketable securities 36000
Inventory 72000
Prepaid expenses 2000
_________________
Total Current assets $ 205000
__________________
Current liabilities. Amount (in $)
_________________. ______________
Accounts payable 40000
Accrued liabilities 7000
Notes payable 30000
________________
Total current liabilities $77000
_________________
Working capital = current assets - current liabilities
= $205000 - $77000
= $128000
Option - B is CORRECT
3) computation of quick ratio
_______________________________
Quick ratio = current assets - inventory/current liabilities
( Or)
Accounts receivable+ cash+marketable securities
__________________________________________________
Current liabilities
Quick ratio = $65000 +$ 30000 +$ 36000
____________________________
$77000
= 1.7012 times
= 1.7 times ( approx)
OPTION- C is CORRECT
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stTes Exercise #4 : Análins de los Estados Fin oras (10 PUNTOS **Presente todos sus caleulos...
16 - 17 and 18 please... Accounts payable Accounts receivable Accrued liabilities Cash Intangible assets Inventory...
16 - 17 and 18 please...
Accounts payable Accounts receivable Accrued liabilities Cash Intangible assets Inventory Long-term investments Long-term liabilities Marketable securities Notes payable (short-term) Property, plant, and equipment Prepaid expenses $ 40,000 65,000 7,000 30,000 40,000 72,000 110,000 75,000 36,000 30,000 625,000 2,000 16. Based on the above data, what is the amount of quick assets? a. $205,000 b. $203,000 c. $131,000 d. $66,000 17. Based on the above data, what is the amount of working capital? a. $238.000...
21. Based on the above data, what is the quick ratio, rounded to one decimal point?...
21. Based on the above data, what is the quick ratio, rounded to one decimal point? a. 2.4 b. 3.4 c. 2.1 d. 1.5 Accounts payable $ 30,000 Accounts receivable 65,000 Accrued liabilities 7,000 Cash 20,000 Intangible assets 40,000 Inventory 72,000 Long-term investments 100,000 Long-term liabilities 75,000 Marketable securities 36,000 Notes payable (short-term) 20,000 Property, plant, and equipment 625,000 Prepaid expenses 2,000
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Privett Company Accounts payable $ 30,000 Accounts receivable 35,000 Accrued liabilities 7,000 Cash 25,000 Intangible assets 40,000 Inventory 72.000 Long-term investments 100,000 Long-term liabilities 75,000 Marketable securities 36,000 Notes payable (short-term) 20,000 Property, plant, and equipment 400,000 Prepaid expenses 2,000 Based on the data for Privett Company, what is the amount of quick assets? $168,000 $60,000 $96,000 $61,000
1. Based on the following data, what is the amount of working capital? Accounts payable....................$32,000 Accounts...
1. Based on the following data, what is the amount of working capital? Accounts payable....................$32,000 Accounts receivable....................64,000 Accrued liabilities....................7,000 Cash.........................................20,000 Intangible assets............................40,000 Inventory...............................................72,000 Long-term investments...............................100,000 Long-term liabilities.....................................75,000 Marketable securities.................................35,000 Notes payable (short-term)........................20,000 Property, plant, and equipment.................625,000 Prepaid expenses.........................................2,000 WHAT IS WORKING CAPITAL? a. $162,000 b. $134,000 c. $193,000 d. $62,000 2. Use the following data to determine the total dollar amount of assets to be classified as current assets. Cash..............................................$60,000 Prepaid insurance..........................40,000 Accounts receivable......................50,000 Inventory.........................................70,000 Land held for investment................80,000 Land................................................95,000...
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fx C M31 FI A B E G 5 6 Using the data provided in the...
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Prepare a performance report on Barry Computer Company. (Problem 4-23 on pages 140-141 of the course...
Prepare a performance report
on Barry Computer Company. (Problem 4-23 on pages 140-141 of the
course text provides a balance sheet and an income statement for
the company.)
Prepare your performance report
to show calculations for the 14 ratios listed on page 141, as well
as a comparison of your computed ratios with the listed industry
averages.
Write a short memo to your
supervisor explaining your findings and your recommendations for
improvement.
Suggest some ways in which the
company can...
16 - 17 and 18 please...
Accounts payable Accounts receivable Accrued liabilities Cash Intangible assets Inventory Long-term investments Long-term liabilities Marketable securities Notes payable (short-term) Property, plant, and equipment Prepaid expenses $ 40,000 65,000 7,000 30,000 40,000 72,000 110,000 75,000 36,000 30,000 625,000 2,000 16. Based on the above data, what is the amount of quick assets? a. $205,000 b. $203,000 c. $131,000 d. $66,000 17. Based on the above data, what is the amount of working capital? a. $238.000...
21. Based on the above data, what is the quick ratio, rounded to one decimal point? a. 2.4 b. 3.4 c. 2.1 d. 1.5 Accounts payable $ 30,000 Accounts receivable 65,000 Accrued liabilities 7,000 Cash 20,000 Intangible assets 40,000 Inventory 72,000 Long-term investments 100,000 Long-term liabilities 75,000 Marketable securities 36,000 Notes payable (short-term) 20,000 Property, plant, and equipment 625,000 Prepaid expenses 2,000
Privett Company Accounts payable $ 30,000 Accounts receivable 35,000 Accrued liabilities 7,000 Cash 25,000 Intangible assets 40,000 Inventory 72.000 Long-term investments 100,000 Long-term liabilities 75,000 Marketable securities 36,000 Notes payable (short-term) 20,000 Property, plant, and equipment 400,000 Prepaid expenses 2,000 Based on the data for Privett Company, what is the amount of quick assets? $168,000 $60,000 $96,000 $61,000
Search Margaret Maplethorpe w 8. De 11.2 dat Protected ViewSaved References Malings Review De Layout Help View Enable Editing the w DVB a y to edit to stay in Protected View Ece 13.2 quint Beg balance New equip Sale of equip Euse Acum Depan Reghalance Depa Expense Sale of equip Fnd Balance Comen stock Retained Warnings Beg balance Bands Payable Beg balance Now bonds Retire boods Fudbalance Dividends Ent balance comme stock End balance Use the following data to prepare...
Comparative Balance Sheet AgBiz Corporation Account December 31, Year 1 December 31, Year 2 Difference Percent Difference Assets $ 49,000 5,000 151,000 $205,000 $ 17,000 30,000 127,000 $ 174.000 $ -32,000 +25,000 -24,000 $ -31,000 -65.3 +500.0 -15.9 -15.1 +160,000 Current assets: Cash Accounts receivable Inventories Total current assets Fixed assets: Land Buildings and equipment Less: Depreciation Total fixed assets Other investments: Cash value of life insurance Investment in other firms Investment in subsidiary Total other Total assets 250,000 500,000...
Class Assignment 16 Comparative Balance Sheet AgBiz Corporation December 31, Year 1 Assets December 31, Year 2 Account Difference Percent Difference $ 49,000 5,000 151,000 $205,000 $ 17,000 30,000 127,000 $ 174,000 $ -32,000 +25,000 -24,000 $ -31,000 -653 +500.0 -15.9 15.1 Current assets: Cash Accounts receivable Inventories Total current assets Fixed assets: Land Buildings and equipment Less: Depreciation Total fixed assets Other investments: Cash value of life insurance Investment in other firms Investment in subsidiary Total other Total assets...
fx C M31 FI A B E G 5 6 Using the data provided in the attached Statement of Net Position, answer the questions 7 presented below the statement. You will have to calculate ratios for some of the answers. For 8 questions related to ratios, choose the answer closest to the ratio you calculate understanding 9 that the answer might be slightly different depending on how you round your answer. However, O understand that your answer should be very...
4-22 1 year from now? BALANCE SHEET ANALYSIS Complete the balance sheet and sales information using the following financial data: Total assets turnover: 1.5% Days sales outstanding: 36.5 days Inventory turnover ratio: 5x Fixed assets turnover: 3.0% Current ratio: 2.0x Gross profit margin on sales: (Sales - Cost of goods sold)/Sales = 25% Calculation is based on a 365-day year. 60.000 Cash Accounts receivable Inventories Fixed assets Total assets Balance Sheet Current liabilities Long-term debt Common stock Retained earnings $300,000...
Prepare a performance report
on Barry Computer Company. (Problem 4-23 on pages 140-141 of the
course text provides a balance sheet and an income statement for
the company.)
Prepare your performance report
to show calculations for the 14 ratios listed on page 141, as well
as a comparison of your computed ratios with the listed industry
averages.
Write a short memo to your
supervisor explaining your findings and your recommendations for
improvement.
Suggest some ways in which the
company can...
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