Chapter 3, Problem 3.4BE

A condensed balance sheet for Big World Games Incorporated, and a partially completed vertical analysis are presented below. Required: 1. Complete the vertical analysis by computing each line item as a percentage of total assets. TIP: Accounts Receivable was 5 percent, computed as ($312 ÷ $6,099). 2-a. What percentages of Big World Games assets relate to intangibles versus property and equipment? 2-b. Which of these two asset groups is more significant to Big World Games business? Complete this question by entering your answers in the tabs below. Req 1 Req 2A Complete the vertical analysis by computing each line item as a percentage of total assets. TIP: Accounts Receivable was 5 percent, computed as ($312 ÷ $6,099). (Round your answers to the nearest whole percent.) Cash and Short-Term Investments Accounts Receivable, Net Inventory Other Current Assets Req 2B Intangibles Property and Equipment, Net Other Assets Total Assets $ BIG WORLD GAMES INCORPORATED Balance Sheet (summarized)…

Presented below is information available for Bestfit Company. Current Assets Inventories $110,000 Prepaid expenses 30,000 Accounts receivable 61,000 Short-term investments 75,000 Cash 4,000 Total current assets $280,000 Total current liabilities are $120,000. The acid-test ratio for Bestfit is Select one: a. 0.54 to 1. O b. 2.08 to 1. O c. 1.17 to 1. O d. 2.33 to 1.

Presented below is information available for Bestfit Company. Current Assets Inventories                                       $110,000 Prepaid expenses                                30,000 Accounts receivable                            61,000 Short-term investments                       75,000 Cash                                                      4,000 Total current assets             $280,000   Total current liabilities are $120,000. The acid-test ratio for Bestfit is Select one: 08 to 1. 17 to 1. 33 to 1. 54 to 1.