Calculate pattycake current ratio-quick ratio and cash ratio

Assignment Help Financial Management

Reference no: EM131962458

Liquidity ratios You are evaluating the balance sheet for PattyCake's Corporation. From the balance sheet you find the following balances: cash and marketable securities = $400,000; accounts receivable= $1,200,000; inventory= $2,100,000; accrued wages and taxes= $500,000; accounts payable= $800,000; and notes payable= $600,000. Calculate PattyCake's current ratio, quick ratio, and cash ratio.

Reference no: EM131962458

Questions Cloud

What is her annualized holding period rate of return : One year ago, Ms. Investor purchased 500 shares of stock on margin at a price per share of $36. What is her annualized holding period rate of return?

What was your real average per year percentage raise : What was your REAL average per year percentage raise ?

What will be the amount of your monthly mortgage payment : You plan to make a cash down payment of 20% and finance the balance over 30 years at 5.25%. What will be the amount of your monthly mortgage payment?

How does advertising and media messages influence people : How does advertising and media messages influence people?

Calculate pattycake current ratio-quick ratio and cash ratio : Calculate PattyCake's current ratio, quick ratio, and cash ratio.

The phases of the capital budgeting process : Performance Objective: Identify and describe 2 of the phases of the capital budgeting process.

Generally valued as perpetuity : Which one of the following is generally valued as a perpetuity? The future value of a series of cash flows over time can be computed by.

Loan with scheduled periodic payments : A loan with scheduled periodic payments that consist of both principal and interest is called a(n)

Why is it important for marsha to develop strategy : Why is it important for Marsha to develop a strategy? Wouldn't her experience and knowledge from managing someone elses store be adequate?

User Account

All Pages