Compute the quick ratio for december 31

Assignment Help Cost Accounting
Reference no: EM13533253

Tappert Company reported the following current assets and liabilities for December 31, 2012 and 2011:


Dec. 31, 2012

Dec. 31, 2011

Cash

$ 990

$ 860

Temporary investments

1,910

1,500

Accounts receivable

1,600

1,280

Inventory

2,000

1,400

Accounts payable

3,000

2,800

a. Compute the quick ratio for December 31, 2012 and 2011.

b. Interpret the company's quick ratio. Is the quick ratio improving or declining?

Reference no: EM13533253

Questions Cloud

Prepare the current liabilities section of the balance sheet : Prepare the Current Liabilities section of the balance sheet for New Wave Co. on March 31, 2013.
Interpret the companys quick ratio : Compute the quick ratio for December 31, 2012 and 2011 and interpret the company's quick ratio
Find by what factor does the centripetal force increase : Concept Simulation 5.1 reviews the concepts that are involved in this problem. A child is twirling a 0.0282-kg ball on a string in a horizontal circle whose radius is 0.109 m. by what factor does the centripetal force increase
How many revolutions will the wheels make : The total length of a bike trip is 300 km. Suppose you take this tour and your bike has wheels with a diameter of 80 cm. How many revolutions will the wheels make
Compute the quick ratio for december 31 : Compute the quick ratio for December 31, 2012 and 2011 and interpret the company's quick ratio. Is the quick ratio improving or declining?
Find the magnitude of its average acceleration : To test the quality of a tennis ball, you drop it onto the floor from a height of 4.00 m. What is the magnitude of its average acceleration during the contact with the floor
Fixed asset purchases with note : The payment of the second installment and Fixed asset purchases with note
Calculate how many turns of wire are needed : A generator is designed to produce a maximum emf of 150 V while rotating with an angular speed of 3600 rpm. how many turns of wire are needed
Calculate the tension in the stick : A 0.19-kg ball on a stick is whirled on a vertical circle at a constant speed. When the ball is at the three o'clock position, the stick's tension is 20 N. Find the tension in the stick

Reviews

Write a Review

Cost Accounting Questions & Answers

  Cost accounting assignment

Evaluate Method of measuring costs associated with production, budgeting process, normal job-order costing system , master budget, cycle time.

  Prepare the journal entries

Prepare the journal entries to record the bond issue and interest expense.

  Advise as to the liability of all the parties

Write a report on given case study and Advise as to the liability of ALL the parties both under common law and the Corporations Law.

  Prepare revenues budget

Prepare Revenues budget and Production budget in units

  Effect of exchange rate changes on cash and cash

Effect of exchange rate changes on cash and cash

  Corporate governance

You are to reflect on how this case of China Sky relates to what the arguments for and against allowing audit firm partners and/or employees to join audit committees.

  Cost-benefit analysis

A cost-benefit analysis of electronic medical records in primary care

  Non-annual interest rates and annuities

Theory of Interest- Non-annual interest rates and annuities

  Job costing in service organizations

How is job costing in service organizations different from job costing in manufacturing environments?

  Accounting for bad debt expense

Accounting for bad debt expense

  Accounting and partnership problems

Accounting and Partnership problems

  Development of relevant cash flows

Development of relevant cash flows - Cost estimating and financial analysis

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