Calculate the current ratio of the company

Assignment Help Accounting Basics
Reference no: EM131611383

Question - A company has $120,000 in current assets, $600,000 in total assets, $90,000 in current liabilities, and $140,000 in total liabilities. Calculate the current ratio of the company. (round two decimals.)

Reference no: EM131611383

Questions Cloud

Discuss the major types of mergers : Discuss the major types of mergers and explain why they oc-curred. Will mergers continue to occur in the rail industry? Why or why not?
How much total interest is paid over the life of the loan : Prepare an amortization schedule for a three-year loan of $114,000. How much total interest is paid over the life of the loan?
Describe the job both internally and externally : Create a job description for a retail sales associate, which includes the most significant components necessary to describe the job both internally and external
Testing and for birth control information : A 14 year-old female comes to the clinic where you work asking for a pregnancy test, STD testing and for birth control information.
Calculate the current ratio of the company : A company has $120,000 in current assets, $600,000 in total assets, Calculate the current ratio of the company
Improve the effectiveness of the incentives : "The U.S. construction industry has an enormous opportunity to improve the effectiveness of the incentives offered to employees for increasing return
What is the world population : What is the world's population and how is it broken out by continent, culture, and economic growth? Why do you think that approximately one-sixth of the world.
What does sheridan record as the cost of the new truck : The truck undergoes safety testing for $300. What does Sheridan record as the cost of the new truck
Which of the given statements is positive and normative : Which of the following statements is positive, which is normative, and which can be tested?

Reviews

Write a Review

Accounting Basics Questions & Answers

  Pharmgen a pharmaceutical company was founded two years ago

pharmgen a pharmaceutical company was founded two years ago. like most pharmaceutical companies phargen did not make

  In 2011 nina contributes 11 percent of her 122000 annual

in 2011 nina contributes 11 percent of her 122000 annual salary to her 401k account. she expects to earn a 8 percent

  Firewalls are one of the most fundamental and important

firewalls are one of the most fundamental and important security tools. you are likely familiar with the software-based

  Stahl inc produces three separate products from a common

stahl inc. produces three separate products from a common process costing 100433. each of the products can be sold at

  The company has noncallable bonds which mature in 25 years

1 the company has noncallable bonds which mature in 25 years have an 8.00 annual coupon a par value of 1000 and a

  Number of interest periods over life of bond

(Information Related to Various Bond Issues) Pawnee Inc. has issued three types of debt on January 1, 2010, the start of the company's fiscal year.

  Compute the amount of gross profit to be recognized from

on july 1 2013 the foster company sold inventory to the slate corporation for 420000. terms of the sale called for a

  Calculate the effect on the overall companys net operating

tracey douglas is the owner and managing director of heritage garden furniture ltd. a south african company that makes

  Compare and contrast the while loop and the for loopyour

compare and contrast the while loop and the for loop.your discussion should identify the similarities differences

  Defined benefit pension plan

TRM Corporation established a defined benefit pension plan in Year 5. In Year 8 the following information is available. Service cost = $45,000. Interest cost = $60,000.

  Scales or proportional securities regulation

The report indicates that a scales or proportional securities regulation for smaller public companies assures the full benefits and protection of federal securities regulation for investors in large companies that make up 94% of the total public U..

  Prepare the adjusting entry as a result of physical count

Sales returns and allowances $1,700. A physical count of inventory determines that merchandise inventory on hand is $14,100. Prepare the adjusting entry necessary as a result of the physical count.

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd