Cotuit Company has a current ratio of 5.9 and an acid-test ratio of 5.4. The company's current assets consist of cash, marketable securities, accounts receivable, and inventories. Inventory equals $14,000. Cotuit Company's current liabilities must be _. a. $12,400 b. $60,000 c. $28,000 d. $216,000. Need help

We are given the following information for the Pettit Corporation. Sales (credit) $ 3, 549,000 Cash 179,000 Inventory 911,000 Current liabilities 788, 000 Asset turnover 1.40 times Current ratio 2.95 times Debt-to-assets ratio 40% Receivables turnover 7 times Current assets are composed of cash, marketable securities, accounts receivable, and inventory. Calculate the following balance sheet items. Note: Do not round intermediate calculations. Round your answers to the nearest whole dollar amount.

MC.03.083.Algo Wu Systems has the following balance sheet. Assume that all current assets are used in operations. How much net operating working capital does the firm have? Cash Accounts receivable Inventory Current assets Net fixed assets Total assets O a. $400 b. $1,770 O c. $2,200 d. $470 e. $830 $ 70 Accounts payable 720 Accruals 510 $1,300 1,000 Notes payable Current liabilities Long-term debt Common equity Retained earnings $2,300 Total liab. & equity $ 250 220 430 Question 3 of 40 $ 900 640 260 500 $2,300

The most recent balance sheet of Raconteurs, Inc., (in millions) is found here. Calculate Raconteurs’ current ration and acid-test (quick) ratio. Benchmark ratios for the current and acid-test (quick) ratio are 1.49 and 1.22 respectively. What can you say about the liquidity of Raconteur’s operations based on these two ratios?

Bronco Electronics' current assets consist of cash, short-term investments, accounts receivable, and inventory. The following data were abstracted from a recent financial statement: Inventory $ 180,000 Total assets $ 1,910,000 Current ratio 4.4 Acid-test ratio 3.20 Debt to equity ratio 1.5 Required: Compute the current assets for Bronco:

Q16. Use the following information to calculate the net liquid balance: Cash and equivalents $10 Accounts receivable = $30, Inventory = $25, Accounts payable $10, Notes payable = $25 a. $-25 b. $-15   c. $35 d.$70   Q17. Which of the following best characterizes a firm with current assets of $5,000 and current liabilities of $1,000? A.Liquid B.Solvent C.Insolvent D.Unprofitable   Q18. which of the following best describes days sales outstanding? A. average time it takes to collect on a credit sale B. average length of time inventoried item is in stock before it is sold C. average length of time it takes to turn a cash outflow into a cash inflow D. average time between receipt of inventory and collection on a credit sale   Q20. The ability of a firm to pay its bills on time while remaining a viable entity is referred to as: A.liquidity B. solvency C. cash conversion cycle D.the net liquidity balance

Using Ratios to Determine Account Balance.We are givem the following information for Cathy Corporation  Sales(credit) .          3,000,000 Cash                           150,000 Inventory                    850,000 Current liabilities        700,000 Asset turnover            1.25 times    Current ratio                  2.50 times Debt-to assets ratio      40% Receivable turnover       6 times Current assets are composed of cash, marketable securities, accounts receivable and inventory. a.Calculate the amount receivable b.Calculate the marketable securities c.Calculate the fixed assets d.Calculate the long term debt

The following data apply to the next six problems. Consider Fisher & Company's financial data as follows (unit: millions of dollars except ratio figures):Cash and marketable securities             $100Fixed assets                                            $280Sales                                                       $1,200Net income                                             $358Inventory                                                 $180Current ratio                                            3.2Average collection period                       45 daysAverage common equity                         $500Find Fisher's accounts receivable.(a) $147.95 (b) $127.65(c) $225.78 (d) $290.45

Bronco Electronics' current assets consist of cash, short-term investments, accounts receivable, and inventory. The following data were abstracted from a recent financial statement: inventory $190,000 total assets 1,970,000 current ration 3.6 acid test ratio 2.35 debt to equity ratio 1.5 COMPUTE THE CURRENT ASSETS

The balance sheet and income statement for the J. P. Robard Mfg. Company are as​ follows:   LOADING... . Calculate the following​ ratios:   Current ratio Times interest earned Inventory turnover Total asset turnover Operating profit margin Operating return on assets Debt ratio Average collection period Fixed asset turnover Return on equity J. P. Robard​ Mfg., Inc. Balance Sheet​ ($000) Cash $500 Accounts receivable 1,900 Inventories 1,020 Current assets $3,420 Net fixed assets 4,540 Total assets $7,960     Accounts payable $1,150 Accrued expenses 570 ​Short-term notes payable 260 Current liabilities $1,980 ​Long-term debt 1,910 ​Owners' equity 4,070 Total liabilities and​ owners' equity $7,960 ​(Click on the icon    in order to copy its contents into a spreadsheet.​)   J. P. Robard​ Mfg., Inc. Income Statement​ ($000) Net sales​ (all credit) $8,040 Cost of goods…