Smith Automotive Parts had the following select financial data as of December 31, 2015:   Cash $15,000   Cash Equivalents $3,000   Total Current Assets $40,000   Total Current Liabilities $30,000   What is Smith's cash ratio?   A. 5.00   B. 0.60   C. 0.50   D. 0.45

Bannister Company reported operating expenses of $375,000 for 2020. The following data were extracted from the company's financial records: 12/31/19 12/31/20 $ 60,000 $ 69,000 Prepaid Expenses Accrued Expenses 210,000 255,000 On a statement of cash flows for 2020, using the direct method, cash payments for operating expenses should be O a. $339,000 O b. $321,000 O C. $411,000 O d. $429,000

Ogden Corporation has a projected balance sheet that includes the following accounts.  What is the projected cash balance?  Cash $            ? Marketable securities 405,000 Accounts receivable 980,000 Inventory 785,000 Non-current assets, net 2,110,000 Total liabilities 1,636,000 Total equity 3,220,000

Samuel Corp. has provided the following information for the year ended December 31, 2018.                                          Samuel Corp                            Comparative Balance Sheet                           December 31, 2018 and 2017                                         2018 2017 Inc/(dec) Current Assets:       Cash $33,000 $13,000 $20,000 Accounts Receiveable 29,000 36,000 (7,000) Inventory 56,000 29,000 27,000 Plant Assets, net 126,000 92,000 34,000 Total Assets $244,000 $170,000 $74,000         Accounts Payable $9,000 $13,000 $(4,000) Accrued Liabilities 7,000 3,000 4,000 Long-Term Notes Payable 70,000 79,000 (9,000) Total Liabilities 86,000 95,000 (9,000)         Common Stock $55,000 $3,000 $52,000 Retained Earnings 115,000 78,000 37,000 Treasury Stock (12,000) (6,000) (6,000) Total Stockholders' Equity $158,000 $75,000 $83,000 Total Liabilities and Stockholders Equity $244,000 $170,000 $74,000         Samuel Corp    Income…