Compute acid test ratio Need it within half an hour Pritchett Co. reported the following year-end data:CashShort-tere investmentsAccounts recefvable (current)Inventory$20,200$ 8,600$11,800$26,600$12,000$29, 00other current assetsTotal current liabilitiesCompute the (a) current ratio and (b) acid-test ratio.Complete this question by entering your answers in the tabs below.Current Ratio Ada[Test RatioCompute the acid-test ratio.Acid Test RatioChoose NumeratorChoose Denominator:Acid-Test RatioAcid-test ratioto 1( Current Ratio

Acid Test Ratio = ( Cash + Short Term investment + Current Receivables ) / Current Liabilities

Pritchett Co. reported the following year-end data: Cash Short-tere investments Accounts recefvable (current) Inventory Other current assets Total current liabilities $20,200 $ 8,600 $11,00 $26, 600 $12,000 $29, Compute the (a) current ratio and (b) acid-test ratio. Complete this question by entering your answers in the tabs below. Current Ratie AddlTest Ratio Compute the acid-test ratio. Acid Test Ratio Choose Numerator Choose Denominator: Acid-Test Ratio Acd-test ratio to 1 ( Current Ratio

Pritchett Co. reported the following year-end data: Cash Short-tere investments Accounts recefvable (current) Inventory Other current assets Total current liabilities $20,200 $ 8,600 $11,00 $26, 600 $12,000 $29, Compute the (a) current ratio and (b) acid-test ratio. Complete this question by entering your answers in the tabs below. Current Ratie AddlTest Ratio Compute the acid-test ratio. Acid Test Ratio Choose Numerator Choose Denominator: Acid-Test Ratio Acd-test ratio to 1 ( Current Ratio

College Accounting, Chapters 1-27

23rd Edition

ISBN:9781337794756

Author:HEINTZ, James A.

Publisher:HEINTZ, James A.

Chapter24: Analysis Of Financial Statements

Section: Chapter Questions

Problem 1SEB

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Pritchett Company reported the following year-end data: Cash Short-term investments Accounts receivable (current) Inventory Prepaid (current) assets Total current 1iabilities $ 20, 100 8, 500 13,400 24, 000 6,800 28, 000 Compute the (a) current ratio and ( acid-test ratio. Complete this question by entering your answers in the tabs below. Currlat Ratio Acid Test Ratio Compute the current ratio. Current Ratio Current Ratio Numerator: Denominator: Current assets Current liabilities Current ratio 72.800 %24 28,000 2.6 to 1 %3 Acid Test Ratio>
a. Compute the current ratio for the current year. (Abbreviations used: STI = Short-term investments. Round your answer to two decimal places, X.XX.) Current ratio More Info a. Current ratio b. Cash ratio c. Acid-test ratio d. Inventory turnover e. Days' sales in inventory f. Days' sales in receivables g. Gross profit percentage Print Done Choose from any list or enter any number in the input fields a Financial Statements Balance Sheet: Cash Short-term Investments Net Accounts Receivables Merchandise Inventory Prepaid Expenses Total Current Assets Total Current Liabilities Income Statement: Net Credit Sales Cost of Goods Sold $ Current Year Preceding Year 15,000 $ 11,000 56,000 64,000 13,000 159,000 132,000 465,000 317,000 29,000 27,000 94,000 82,000 7,000 239,000 89,000
Find the following using the data bellow Accounts receivable = 111,100,000 Current assets = 316,500,000 Total assets = 600,000,000 A. Return on assets B. Common equity C .Quick ratio
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