Milton Company has total current assets of $52,000, including inventory of $13,500, and current liabilities of $28,000. The company's current ratio is: Multiple Choice 0 00 0.54. 1.38. 1.86. 2.34. < P 18 of 35 Next > MacBook Air $12
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- The following data applies to the GCI Company: Sales $1,000,000. Receivables- S260,000. Payables S600,000. Purchases S800,000. COGS - S800,000. • Inventory- S400,000. Net Income $50,000. Total Assets $800,000. • Debu Equity - 200%. What is the average collection period, the average inventory processing period, and the payables payment period for GCI Company? PaymentsYou have the following information about Frances Company: quick ratio = 0.85, inventory = P125,000 and current assets = P375,000. %3D What is Frances' current ratio? 1.05 2.56 1.28 O 0.85Jones Corp. reported current assets of $184,000 and current liabilities of $127,500 on its most recent balance sheet. The current assets consisted of $63,800 Cash; $45,700 Accounts Receivable; and $74,500 of Inventory. The acid-test (quick) ratio is: Multiple Choice 1.4: 1. 0.86: 1. 0.60: 1. ...
- Sheridan Industries has the following current assets and liabilities on the company's balance sheet: Cash $14080: Accounts Receivable $5600 Inventory $53000: Prepaid Rent $2900 Accounts Payable $19000 and Unearned Revenue $5000. The company's acid-test ratio would be O 101:1 O 122:1 0 032:1 Ⓒ 0.27:1XYZ Company has net income of $1,000, revenues of $10,000, total assets of 50,000, current assets of $3,000 and current liabilities of $1500. What is their profit margin? Group of answer choices 2% 200% 2 10%Metlock, Inc. has the following Income Statement (in millions): METLOCK, INC. Income Statement For the Year Ended December 31, 2023 Net Sales $178 Cost of Goods Sold 119 Gross Profit 59 Operating Expenses 40 Net Income $ 19 Using vertical analysis, what percentage is assigned to net sales? 100% 50% Can't be computed 150%
- Brilliant Corp. has total current liabilities of P22,000 and an inventory of P7,000. If its current ratio is 1.2, then what is Brilliant’s quick ratio? A. .88 B. .36 C. .64 D. .75Given the Pro Forma Income Statement and Balance Sheet below, find EFN. Pro Forma Income statement: Sales = $2,000 Costs = $1467 Net Income = $533 Pro Forma Balance Sheet: Assets = $76,230 Debt = $25,970 Equity = $44,750Highly Suspect Corp. has current liabilities of $417,000, a quick ratio of 1.10, inventory turnover of 3.60, and a current ratio of 3.30. What is the cost of goods sold for the company? Multiple Choice $3,302,640 $1,009,140 $1,146,750 $458,700 $4,953,960
- Current Attempt in Progress Aspect Ltd has the following balance sheet figures. The current ratio is: Total current assets $450 000 Total current liabilities Inventory Bank overdraft O 2:1. O 1.67:1. 3.75:1. 3:1. Save for Later 150 000 200 000 30 000ABC LTD's figures for an accounting period include sales R25m, cost of sales R15m and equity R5m. The gross profit margin for the period is_______. Select one: a. 60% b. 50% c. 30% d. 40%Morton Company has total current assets of $45,000, including inventory of $10,000, and current liabilities of $21,000. The company's current ratio is: a) 2.6. b) 2.1. c) 0.4. d) 1.7.