Current ratio-quick ratio-working capital

Assignment Help Mathematics

Reference no: EM13130206

As of December 31, 2010, Walton Corporation had a current ratio of 1.84, quick ratio of 1.45, and working capital of $18,000. The company uses a perpetual inventory system and sells merchandise for more than it cost. Indicate how the given transaction, if it occurred in January 2011, would affect Walton's current ratio, quick ratio, and working capital.

Reference no: EM13130206

Questions Cloud

Elimination in the consolidation process : The amount of unrealized intercompany profit in ending inventory at December 31, 2006 that should be eliminated in the consolidation process is:

Explain how much different is it to be able to take losses : Explain how much different is it to be able to take losses when the taxpayer is not active in the business but merely a "passive investor"?

Explain the smallest molecular dipole moment : For each pair of compounds below, indicate the more reactive in the type of mechanism specified. Briefly state why. Explain the smallest molecular dipole moment

Explain how much cost in total would be allocated : How much cost, in total, would be allocated to the Business Development activity cost pool? Explain how much cost, in total, would be allocated to the Other activity cost pool?

Current ratio-quick ratio-working capital : As of December 31, 2010, Walton Corporation had a current ratio of 1.84, quick ratio of 1.45, and working capital of $18,000. The company uses a perpetual inventory system and sells merchandise for more than it cost.

Participate in the discussion activity : Orced sterilization is possibly one of the greatest affronts to individual autonomy, as the permanent impairment of one’s ability to reproduce not only robs the individual of their natural ability to procreate, but denies them a future genetic l..

What was the total actual cost of the direct materials : Based on the information in question #1 what was the total standard cost of direct materials allowed during May?

Explain how must dermot account for the change to the equity : If Dermot achieves significant influence with this new investment, explain how must Dermot account for the change to the equity method?

Realization of the gain on the sale of land : On November 8, 2006, Power Corp. sold land to Wood Co., its wholly owned subsidiary. The land cost $61,500 and was sold to Wood for $89,000. From the perspective of the combination, when is the gain on the sale of the land realized?

User Account

All Pages