Calculate current ratio, The top part of Ramakrishnan,

Calculate current ratio

Assignment Help Financial Management

Reference no: EM131814893

The top part of Ramakrishnan, Inc.’s 2018 and 2017 balance sheets is listed below (in millions of dollars).

2018 2017 2018 2017 Current assets: Current liabilities: Cash and marketable securities $ 48 $ 39 Accrued wages and taxes $ 39 $ 38 Accounts receivable 150 135 Accounts payable 94 83 Inventory 213 194 Notes payable 69 61 Total $ 411 $ 368 Total $ 202 $ 182

Calculate Ramakrishnan, Inc.’s current ratio for 2018 and 2017. (Round your answers to 2 decimal places.)

Reference no: EM131814893

Questions Cloud

Recommendations of the 9-11 commission report : Do the policies put in place address the recommendations of the 9/11 Commission report? Although we will look at in specifics next week

How union pacific will be affecte by each of external factor : Perform an analysis of the social / demographic, technological and economic. Describe how Union Pacific will be affected by each of these external factors.

Table of numeric data showing the cost advantages : The report must provide a table of numeric data showing the cost advantages of using drones to transport goods domestically and worldwide.

Discuss convergence process and differences with ifrs : Despite the hardworking of convergence process and differences with IFRS

Calculate current ratio : The top part of Ramakrishnan, Inc.’s 2018 and 2017 balance sheets. Calculate Ramakrishnan, Inc.’s current ratio for 2018 and 2017.

Discuss the issue-challenge or trend in detail : Discuss the issue, challenge, or trend in detail to include how it emerged, what are possible solutions, and how you see it impacting the future of TLM.

Five common ways that a total rewards strategy : Five common ways that a total rewards strategy can go astray are listed in the chapter. Address each of these potential problems with a recommendation

How much service revenue would secure home have : Comparing cash and accrual basis accounting for revenues Secure Home provides house-sitting for people while they are away on vacation.

Reflect upon at least one personal experience : Reflect upon at least one personal experience where you either negotiated or entered into a contract.

User Account

All Pages