Current Position Analysis The following data were taken from the balance sheet of Albertini Company at the end of two recent fiscal years:   Current Year   Previous Year Current assets:             Cash $446,900     $372,400     Marketable securities 517,400     419,000     Accounts and notes receivable (net) 211,700     139,600     Inventories 1,071,800     807,000     Prepaid expenses 552,200     516,000       Total current assets $2,800,000     $2,254,000   Current liabilities:             Accounts and notes payable           (short-term) $324,800     $343,000     Accrued liabilities 235,200     147,000       Total current liabilities $560,000     $490,000     a.  Determine for each year (1) the working capital, (2) the current ratio, and (3) the quick ratio. Round ratios to one decimal place.       Current Year     Previous Year 1.  Working capital $fill in the blank 1 $fill in the blank 2 2.  Current ratio fill in the blank 3 fill in the blank 4 3.  Quick ratio fill in the blank 5 fill in the blank 6

The following items are reported on a company's balance sheet: Cash $579,700 Marketable securities 452,900 Accounts receivable (net) 520,200 Inventory 258,800 Accounts payable 647,000 Determine (a) the current ratio and (b) the quick ratio. Round to one decimal place. a.  Current ratio   b.  Quick ratio

Complete the balance sheet and sales information using the following financial data:                                                                                             Balance sheet   Cash                                           ________                Current liabilities                               _________ Accounts Receivable      ________                Long-term debt                                                           120,000 Inventories                           ________                Common stock                                      _________ Total assets                          $600,000              Retained earnings                                  195,000                                                                                                     Total liabilities and equity         _________ Sales                                         ________                Cost of good sold                                 ____40%sales__   Current ratio: 2.o X…

Return on Assets Ratio and Asset Turnover Ratio Northern Systems reported the following financial data (in millions) in its annual report:   Previous Year Current Year Net Income $9,050 $7,500 Net Sales 52,350 37,200 Total Assets 58,734 68,128   If the company’s total assets are $55,676 at the beginning of the previous year, calculate the company’s: (a) return on assets (round answers to one decimal place - ex: 10.7%)   (b) asset turnover for both years (round answers to two decimal places)     Previous Year Current Year a. Return on Assets Ratio Answer Answer b. Asset Turnover Ratio Answer Answer

Working Capital and Short Term Liquidity RatiosBell Company has a current ratio of 2.85 on December 31. On that date the company's current assets are as follows: Cash $16,400 Short-term investments 49,000 Accounts receivable (net) 169,000 Inventory 200,000 Prepaid expenses 11,600 Current assets $446,000 Bell Company's current liabilities at the beginning of the year were $137,000 and during the year its operating activities provided a cash flow of $55,000.a. What are the firm's current liabilities on December 31?Round answer to the nearest whole number.Answerb. What is the firm's working capital on December 31?Round answer to the nearest whole number.Answerc. What is the quick ratio on December 31? Round answer to 2 decimal places.Answerd. What is the Bell's operating-cash-flow-to-current-liabilities ratio? Round answer to 2 decimal places.Answer PreviousSave AnswersNext

Ratio Analysis Presented below are summary financial data from Pompeo’s annual report: Amounts in millions     Balance sheet     Cash and cash equivalents   $2,712 Marketable securities   27,128 Accounts receivable (net)   14,051 Total current assets   58,632 Total assets   184,617 Current liabilities   66,017 Long-term debt   12,738 Shareholders’ equity   119,487 Income Statement     Interest expense   539 Net income before taxes   24,512 Calculate the following ratios: (round to two decimal places) a. Times-interest-earned ratio   b. Quick ratio   c. Current ratio

Selected data from the financial statements of Rags to Riches are provided below: ​ Current Year Prior Year Accounts Receivable $120,000 $ 76,000 Inventory 24,000 32,000 Total Assets 900,000 760,000 Net Sales 760,000 540,000 Cost of Goods Sold 320,000 420,000 ​ Which of the following would result from vertical analysis of the company's income statement? a. The accounts receivable turnover ratio is 7.76 in the current year. b. Gross profit is 57.9% of net sales for the current year. c. Net sales are 84.4% of total assets for the current year. d. Cost of goods sold decreased by $50,000 or 23.8% during

The following items are reported on a company's balance sheet: Cash $295,700 Marketable securities 231,000 Accounts receivable (net) 265,300 Inventory 132,000 Accounts payable 330,000 Determine (a) the current ratio and (b) the quick ratio. Round to one decimal place. a. Current ratio b. Quick ratio

Return on Total Assets A company reports the following income statement and balance sheet information for the current year: Net income    $661,910Interest expense    116,810Average total assets    6,280,000Determine the return on total assets. If required, round the answer to one decimal place.fill in the blank 1 %

The following items are reported on a company's balance sheet: Cash $112,300 Marketable securities 131,400 Accounts receivable (net) 45,200 Inventory 170,000 Accounts payable 270,000. Determine the current ratio ?