Prepaid expenses and other current assets 590   291   Short-term obligations (liabilities) 315   3,342   Accounts payable and other current liabilities 7,453   6,813     a.   Determine the (1) current ratio and (2) quick ratio for both years. Round to one decimal place.   Year 2 Year 1 Current ratio fill in the blank 1 fill in the blank 2 Quick ratio fill in the blank 3 fill in the blank 4

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For the year 2000, Young, Inc has cash $121, Accounts Receivables $425, Inventory $410, Net Fixed Assets $1,704, Total Assets $2,660, Accounts Payable $350, Notes Payable $370, Long-term Debt $550, Common Stock $580, Retained Earnings $810, Net Sales $1,384, Cost of Goods Sold $605, Depreciation $180, EBIT $599, Interest paid $80, Taxable Income $519, Taxes $156, Net Income $363, Addition to Retained Earnings $254, Dividends Paid $109. What is the cash coverage ratio for 2000? A) 5.2 B) 6.8  C) 8.7 D) 9.7

The following December 31, 2024, fiscal year-end account balance information is available for the Stonebridge Corporation: Cash and cash equivalents Accounts receivable (net) $ 6,300 33,000 73,000 Inventory Property, plant, and equipment (net) 185,000 Accounts payable 52,000 Salaries payable Paid-in capital 24,000 165,000 The only asset not listed is short-term investments. The only liabilities not listed are $43,000 notes payable due in two years and related accrued interest payable of $1,000 due in four months. The current ratio at year-end is 1.5:1. Required: Determine the following at December 31, 2024: 1. Total current assets 2. Short-term investments 3. Retained earnings

Given the following information, calculate the debt ratio percentage: Liabilities $24,000 Liquid assets $4,400 Monthly credit payments $300 Monthly savings $260 Net worth $72,000 Current liabilities $1,100 Take-home pay $1,800 Gross income $3,000 Monthly expenses $1,540 a) 33.3 b) 4 c) 2.86 O d) 16.67 O e) 8.67

Current position analysis Sherwood, Inc., the parent company of Frito-Lay snack foods and Sherwood beverages, had the following current assets and current liabilities at the end of two recent years: Current Year (in millions) $2,359 1,675 5,326 1,170 390 Cash and cash equivalents Short-term investments, at cost Accounts and notes receivable, net Inventories Prepaid expenses and other current assets 577 Short-term obligations and other liabilities 3,314 7,376 Accounts payable 7,488 a. Determine the (1) current ratio and (2) quick ratio for both years. Round your answers to one decimal place. Current Year Previous Year 1. Current ratio 2. Quick ratio b. The liquidity of Sherwood has short-term obligations. Previous Year (in millions) $2,245 4,169 4,276 1,561 312 slightly over this time period. Both the current and quick ratios have Sherwood is a company with resources for meeting

The current sections of Famous’s statements of financial position at December 31, 2019 and 2020, are presented here. Famous’s net income for 2020 was €147,000. Depreciation expense was €21,000.   2020 2019 Current assets      Prepaid expenses €25,000 €27,000  Inventory 158,000 172,000  Accounts receivable 79,000 110,000  Cash 105,000 99,000   Total current assets €367,000 €408,000 Current liabilities      Accrued expenses payable € 15,000 €  9,000  Accounts payable 85,000 95,000   Total current liabilities €100,000 €104,000 Instructions Prepare the net cash provided by operating activities section of the company’s statement of cash flows for the year ended December 31, 2020, using the indirect method.

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Cold Duck Manufacturing Inc. has the following end-of-year balance sheet: Cold Duck Manufacturing Inc. Balance Sheet For the Year Ended on December 31 Assets   Liabilities   Current Assets:   Current Liabilities:   Cash and equivalents $150,000 Accounts payable $250,000 Accounts receivable 400,000 Accrued liabilities 150,000 Inventories 350,000 Notes payable 100,000 Total Current Assets $900,000 Total Current Liabilities $500,000 Net Fixed Assets:   Long-Term Bonds 1,000,000 Net plant and equipment(cost minus depreciation) $2,100,000 Total Debt $1,500,000     Common Equity       Common stock 800,000     Retained earnings 700,000     Total Common Equity $1,500,000 Total Assets $3,000,000 Total Liabilities and Equity $3,000,000   The firm is currently in the process of forecasting sales, asset requirements, and required funding for the coming year. In the year that just ended, Cold Duck Manufacturing Inc. generated $350,000 net income on sales of…