User Account

All Pages

Compute the quick ratio on december for each year

Assignment Help Accounting Basics
Reference no: EM133119069

Question - Quick ratio - Adieu Company reported the following current assets and current liabilities for two recent years:

Dec. 31, 20Y4

Dec. 31, 20Y3

Cash

$750

$920

Temporary investments

1,100

1,500

Accounts receivable

850

940

Inventory

2,200

2,700

Accounts payable

1,800

2,400

Required -

a. Compute the quick ratio on December 31 for each year.

b. Is the quick ratio improving or declining?

Reference no: EM133119069

Questions Cloud

What is the required rate of return on the stock : For each question, please show your work to reach the answers rather than just report the answers.
Was what john did acceptable : John wrote a single check to the utility company and debited the Utilities Expense account for the total. Was what John did acceptable
Benefits and drawbacks of raising funding : What are the benefits and drawbacks of raising funding using the following 3 sources of finance?
Internal environmental forces in international business : Provide examples of external and internal environmental forces in international business.
Compute the quick ratio on december for each year : Adieu Company reported the following current assets and current liabilities for two recent years: Compute the quick ratio on December for each year
Explain why emu is not an optimum currency zone : Explain why EMU is not an Optimum currency zone
Estimate the value of the company : Estimate the value of the company using both the dividend and earnings based models, as well as the current price of the company's shares.
Determine the proceeds of the note : On January 26, Nova Co. borrowed cash from Conrad Bank by issuing a 60-day note with a face amount of $62,400. Determine the proceeds of the note
Describe essential elements of persona : Describe the essential elements of a persona. Define the key demographic factors that are the basis of how customers are grouped and categorized.

Reviews

Write a Review

Accounting Basics Questions & Answers

  How much control does fed have over this longer real rate

Hubbard argues that the Fed can control the Fed funds rate, but the interest rate that is important for the economy is a longer-term real rate of interest.   How much control does the Fed have over this longer real rate?

  Coures:- fundamental accounting principles

Coures:- Fundamental Accounting Principles: - Explain the goals and uses of special journals.

  Accounting problems

Accounting problems,  Draw a detailed timeline incorporating the dividends, calculate    the exact Payback Period  b)   the discounted Payback Period. the IRR,  the NPV, the Profitability Index.

  Theory of interest - term structure of interest rates

Term Structure of Interest Rates

  Write a report on internal controls

Write a report on Internal Controls

  Prepare the bank reconciliation for company

Prepare the bank reconciliation for company.

  Cost-benefit analysis

Create a cost-benefit analysis to evaluate the project

  Theory of interest

Theory of Interest: NPV, IRR, Nominal and Real, Amortization, Sinking Fund, TWRR, DWRR

  Liquidity and profitability

Distinguish between liquidity and profitability.

  What is the expected risk premium on the portfolio

Your Corp, Inc. has a corporate tax rate of 35%. Please calculate their after tax cost of debt expressed as a percentage. Your Corp, Inc. has several outstanding bond issues all of which require semiannual interest payments.

  Simple interest and compound interest

Simple Interest, Compound interest, discount rate, force of interest, AV, PV

  Capm and venture capital

CAPM and Venture Capital

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!

Submit Assignment

Academics

Major Subjects

Majors

Get In Touch

whatsapp: +1-415-670-9521

Phone: +1-415-670-9521

Email: [email protected]

TERMS & POLICIES

HELP & SUPPORT

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