A company has a current ratio of 2.0 and current assets of $550,000. What is its current liabilities balance? Multiple Choice 2.0 $275,000 $550,000 $1,100,000

K If the owner's equity is $135,000 and total liabilities are $90,000, then total assets would be OA. $90,000 OB. $225,000 OC. $45,000 OD. $135,000

The following information relates to Roland Limited as at 30 June 2023: 0.14:1 The quick ratio is: Select the one correct answer: 9:1 2:1 Total current assets Total assets Current liabilities Total liabilities O 14:1 Inventories Prepayments $'000s 2,200 10,000 1,100 2,400 2,000 45

Current assets Cash Accounts receivable Inventory Prepaid expenses Total current assets Current liabilities Accounts payable Salaries payable Income tax payable Total current liabilities (a1) a. $8,600 Current ratio 12,900 b. Quick ratio 145,000 5,200 $171,700 $53,300 3,600 1,000 $57,900 2024 $30,100 10,300 :1 105,000 $152,300 :1 6,900 $40,400 5,000 1,000 $46,400 $27,100 7,700 100,000 During 2024, credit sales and cost of goods sold were $138,040 and $82,500, respectively. The 2023 and 2022 credit sales were $151,200 and $151,840, respectively, and the cost of goods sold for the same periods were $79,950 and $82,325, respectively. The accounts receivable and inventory balances at the end of 2021 were $6,900 and $85,000, respectively. 5,600 $140,400 Using the above data, calculate the following ratios: (Round receivables turnover ratio and average collection period to 1 decimal place, e.g. 15.2, days to sell inventory to 0 decimal places, e.g. 152 and all other answers to 2 decimal…

Entity F has current assets of $900,000 and current liabilities of $450,000. If the company pays an account payable of $75,000 what will its current ratio be? (round to two places if necessary) 000 2.20:1 2.00:1 1.83:1 2.40:1

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View Policies Current Attempt in Progress Sunland Industries has the following current assets and liabilities on the company's balance sheet: Cash $19000; Accounts Receivable $5000; Inventory $55000; Prepaid Rent $2500; Accounts Payable $19000; and Unearned Revenue $6000. The company's acid-test ratio would be O 1.35:1 O 0.35:1 O 0.96:1 O 1.04:1