FINANCIAL ACCOUNTING
10th Edition
ISBN: 9781259964947
Author: Libby
Publisher: MCG
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Love Company has current assets of P400,000 including inventory of P160,000 and a quick ratio of 2:1. Based on available data, how much is the current liabilities?
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- 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 45arrow_forwardAce Industries has current assets equal to $4 million. The company's current ratio is 2.0, and its quick ratio is 1.7. What is the firm's level of current liabilities? What is the firm's level of inventories? Do not round intermediate calculations. Round your answers to the nearest dollar. Current Liabilities $ Inventory $arrow_forward(a) Calculate the asset tumover ratio, Asset tumover ratio________ 1) eTextbook 2) and Media List of Accountsarrow_forward
- If current assets are 112,000 and current liabilities are 56,000.00 what is the current ratio?arrow_forwardEntity 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 2.40:1arrow_forwardSouthern Style Realty has total assets of S485, 390, net fixed assets of $250,000, current liabilities of S 23,456, and long-term liabilities of $148.000. What is the total debt ratio? Multiple Choice .30.35.69.53.68.arrow_forward
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