The following items are reported on a company's balance sheet: Cash $248,600 Marketable securities 194,200 Accounts receivable (net) 197,000 Inventory 137,100 Accounts payable 457,000 Determine (a) the current ratio and (b) the quick ratio. Round to one decimal place. a. Current ratio b. Quick ratio
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A: Solution:- 1)Calculation of current ratio =Current assets / Current liabilities
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A: Current ratio = Current Assets/Current Liabilities Quick Ratio =[Current Assets - Inventory]/…
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A:
Q: Current Position Analysis The following items are reported on a company's balance sheet: Cash…
A: Current ratio = Current assets/Current liabilities
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A: (a) The current ratio.
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A: Ratio analysis is one of the important analysis being done for decision making. Liquidity ratios are…
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A: The ratio analysis helps to analyze the financial statements of the business.
Q: compute the current and quick ratios
A: Liquidity ratio is the ability of the business to pay the amount due as and when they occurs. These…
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A: Ratio analysis helps to analyze the financial statements of the company. The management can take…
Q: Other Data Average net accounts receivable $7,900 $4,200 Average inventory 7,200 33,700 Net cash…
A: Formulae:
Q: The following items are reported on a company's balance sheet: Cash $270,600 Marketable securities…
A: Cash 270600 Marketable securities 83600 Account receivable 263100 Inventory 211800 Total…
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A: a) Current ratio is the ratio of financial measure which shows the ability of a company to pay its…
Q: The following items are reported on a company's balance sheet: Cash $284,800 Marketable securities…
A: This question deals with the current ratio and quick ratio. The current ratio is a liquidity ratio…
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A: Ratios are used to measure the financial situation of the business entity. The management can also…
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A: Cash $258,600 Marketable securities 96,300 Accounts receivable 267,400 Inventory 185,200…
Q: Current Position Analysis The following items are reported on a company's balance sheet: Cash…
A:
Q: The following items are reported on a company's balance sheet: Cash $284,300 Marketable securities…
A: Current assets = Cash + Marketable securities + Accounts receivable + Inventory…
Q: The following items are reported on a company's balance sheet: Cash $580,600 Marketable securities…
A: Cash $580,600 Marketable securities 453,600 Accounts receivable (net) 553,400 Quick assets…
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A: Formula: Current ratio = Current Assets / Current liabilities. Division of Current liabilities with…
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A: 1) Compute the current ratio: Current assets: (a) Cash $190,000 Marketable securities…
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A: a.Compute current ratio.
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A: Current ratio = Current assets / Current liabilities
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A: Quick ratio is the metric that helps in computing the company's ability to pay of its obligations…
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Q: Current Position Analysis The following items are reported on a company's balance sheet: Cash…
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Q: B Company provided the balance sheet below: Accounts Cash 225 150 payable Accounts receivable 600…
A: Formulas: Acid test ratio = Quick assets / Current liabilities where, Quick assets = Current assets…
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A: Introduction:- Accounting equation also termed as balance sheet equation. It denotes relationship…
Q: Current Position Analysis The following items are reported on a company's balance sheet: Cash…
A: Current ratio: The financial ratio which evaluates the ability of a company to pay off the debt…
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A: Current assets = Cash + Marketable securities + Accounts receivable + Inventory =…
Q: following items are reported on a company's balance sheet: $365,600 rketable securities 285,700…
A: The current ratio is a liquidity ratio that evaluates a company's ability to pay one-year or…
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Q: Current Position Analysis The following items are reported on a company's balance sheet: Cash…
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A: The current ratio is a liquidity ratio that measures a firm's ability to pay off its current…
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A:
Q: Current Position Analysis The following items are reported on a company's balance sheet: Cash…
A:
Q: The following items are reported on a company's balance sheet: Cash $256,300 Marketable securities…
A: Answer- Part 1 - Current Ratio = Current Assets / Current Liabilities Given, Current Assets =…
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A: Current Ratio: This ratio indicates that measures whether or not a firm has enough resources to meet…
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- Ratios Analyses: McCormick Refer to the information for McCormick above. Additional information for 20X3 it as follows (amounts in millions): Required: Next Level Compute the following for 20X3. Provide a brief description of what each ratio reveals about McCormick 1. return on common equity 2. debt-to-assets 3. debt-toequity 4. current 5. quick (McCormick uses cash and equivalents, short-term securities and receivables in their quick ratio calculation.) 6. inventory turnover days 7. accounts receivable turnover days 8. accounts payable turnover days 9. operating cycle (in days) 10. total asset turnover Use the following information for 14-17 and 14-18: The Hershey Company is one of the worlds leading producers of chocolates, candies, and confections. It sells chocolates and candies, mints and gums, baking ingredients, toppings, and beverages. Hersheys consolidated balance sheets for 20X2 and 20X3 follow.The following items are reported on a company's balance sheet: $212,700 90,200 252,800 196,700 278,400 Cash Marketable securities Accounts receivable Inventory Accounts payable Determine the (a) current ratio, and (b) quick ratio. Round your answers to one decimal place. a. Current ratio b. Quick ratioPE.17-03B Current Position Analysis The following items are reported on a company's balance sheet: Cash Marketable securities Accounts receivable (net) Inventory Accounts payable Determine (a) the current ratio and (b) the quick ratio. Round your answers to one decimal place. a. Current ratio $210,000 120,000 110,000 160,000 200,000 b. Quick ratio
- Current Position Analysis The following items are reported on a company's balance sheet: $450,900 Marketable securities 352,300 Accounts receivable (net) 389,200 Inventory 216,800 Accounts payable 542,000 Determine (a) the current ratio and (b) the quick ratio. Round to one decimal place. Cash a. Current ratio b. Quick ratioCurrent Position Analysis The following items are reported on a company's balance sheet: Cash $519,900 Marketable securities 406,200 Accounts receivable (net) 360,200 Inventory 338,500 Accounts payable 677,000 Determine (a) the current ratio and (b) the quick ratio. Round to one decimal place. a. Current ratio fill in the blank b. Quick ratio fill in the blankCurrent Attempt in Progress XYZ provided the following financial information: XYZBalance SheetAs of 12/31/19 Assets: Liabilities and Equity: Cash and marketable securities $27,476 Accounts payable and accruals $154,860 Accounts receivable $143,519 Short-term notes payable $21,255 Inventory $212,379 Total current liabilities $176,115 Total current assets $383,374 Long term debt $155,510 Net plant and equipment $602,704 Total liabilities $331,625 Goodwill and other assets $42,422 Common stock $312,719 Retained earnings $384,156 Total assets $1,028,500 Total liabilities and equity $1,028,500 In addition, it was reported that the firm had a net income of: $158,402 and net sales of: $4,272,431 Calculate the following ratios for this firm (Use 365 days for calculation. Round answers to 2 decimal places, e.g.…
- Solar Solutions began operations on January 1, 2015, and is now in its sixth year of operations. It is a retail sales company with a large amount of online sales. The adjusted trial balance as of December 31, 2020 appears below, along with prior year balance sheet data and some additional transaction data for 2020. SOLAR SOLUTIONS Adjusted Trial Balance 12/31/2020 2020 2019 Account Title Adjusted Trial Balance Post-Closing Trial Balance $ 125,600 Debit Credit 35,000 6,000 Debit Credit Cash Accounts Receivable Prepaid Insurance Inventory Office Equipment Machinery & Tools |Accumulated Depreciation Accounts Payable Salaries Payable Sales Tax Payable Note Payable-Long Term Common Stock, $10 par Retained Earnings $ 122,200 125,600 55,000 35,000 15,600 5,000 6,000 47,000 46,000 15,600 21,000 63,000 47,000 (16,000) $ 234,200 59,000 21,000 21,000 16,000 11,200 16,800 2,600 2,700 2,000 31,000 4,000 22,100 240,000 160,000 28,600 28,600 Dividends 10,000 Sales Revenue 235,000 Cost of Goods Sold…Calculate the following for Co. XYZ: a. Current ratio b. Debt ratio Assets: Cash and marketable securities $400,000 Accounts receivable 1,415,000 Inventories 1,847,500 Prepaid expenses 24,000 Total current assets $3,686,500 Fixed assets 2,800,000 Less: accumulated depreciation 1,087,500 Net fixed assets $1,712,500 Total assets $5,399,000 Liabilities: Accounts payable $600,000 Notes payable 875,000 Accrued taxes Total current liabilities $1,567,000 Long-term debt 900,000 Owner's equity Total liabilities and owner's equity Co. XYZ Income Statement: Net sales (all credit) $6,375,000 Less: Cost of goods sold 4,375,000 Selling and administrative expense 1,000,500 Depreciation expense 135,000 Interest expense Earnings before taxes $765,000 Income taxes Net income Common stock dividends $230,000 Change in retained earningsRequirement 1. Compute these ratios: Working Capital Current Debt-to- Ratio Cash Ratio Debt Ratio Equity Ratio Round ratios to two 14.44 212400 7.73 decimal places or format as percentages or Accounts Days Sales currency as appropriate. Inventory Days Sales in Gross ProfitReceivable in Turnover Inventory Percentage Turnover Receivables 2019 Total Assets = Rate of Rate of Asset Return on Return on Turnover Stockholders' Earnings Total Assets Ratio Equity Per Share 2019 SHE = Price/ Earnings *Current Stock Price is Dividend $10.00 per share Ratio* Dividend Yield Payout Dividend per share= Requirement 2. Based on the ratios computed above, analyze the company's ability to pay its debts (both current and long term). Refer to at least 3 specific ratios in your analysis. Requirement 3: Based on the ratios computed above, analyze the company's management of inventory. Refer to at least 2 specific ratios in your analysis. Requirement 4: Based on the ratios computed above, analyze the company's…
- Current Position Analysis The following items are reported on a company's balance sheet: Cash $284,800 Marketable securities 222,500 Accounts receivable (net) 169,100 Inventory 213,600 Accounts payable 356,000 Determine (a) the current ratio and (b) the quick ratio. Round to one decimal place. a. Current ratio fill in the blank 1 b. Quick ratioHello! look at the attached images and answee the following points: (a) Calculate ratios for the year ended 31 December 2021 (showing your workings) for Primrose Plc, equivalent to those provided above. Return on year-end capital employed Net asset turnover Gross profit margin Net profit margin Current ratio Closing inventory holding period Trade receivables’ collection period viii. Trade payables’ payment period Dividend yield Dividend cover (b) Analyse the financial performance and position of Primrose Plc for the year ended 31 December 2021 compared to 31 December 2020. (c) Explain the uses and the general limitations of ratio analysis. Thank you a lot!What is the Days Payables Outstanding? Use the attached financial data to calculate the ratios. Round to the nearest decimal. Abercrombie & Fitch Co (ANF) Financial Data Revenues Cost of Sales Total Operating Expenses Interest Expense Income Tax Expense Diluted Weighted Shares Outstanding Cash + Equivalents Accounts Receivable Inventories Total Current Assets Total Assets Accounts Payable Total Current Liabilities Total Stockholders' Equity ANF Stock Price = $10.30 Select one O A. 42.3 days, 37.0 days OB. 76.1 days, 89.4 days OC. 89.4 days, 37.0 days OD. 76.1 days, 97.7 days 2022 $3,659.3 $1,545.9 $2,026.9 $28.5 $37.8 52.8 $257.3 $108.5 $742.0 $1,220.4 $2,694.0 $322.1 $935.5 $656.1 2021 $3,712.8 $1,400.8 $1,968.9 $34.1 $38.9 62.6 $823.1 $69.1 $525.9 $1,507.8 $2,939.5 $374.8 $1,015.2 $826.1