User Account

All Pages

Determine the current assets

Assignment Help Financial Accounting
Reference no: EM13488697

The current asset section of the Excalibur Tire Company's balance sheet consists of cash, marketable securities, accounts receivable and inventories.  The December 31, 2011, balance sheet revealed the following:      

 

Given:                                                                                   

            Inventories                                   $840,000                                           

            Total assets                              $2,800,000                                       

            Current ratio                                        2.25                                       

            Acid-test ratio                                       1.2                                       

            Debt to equity ratio                                1.8         

 

 Required:                                                                                           

Determine the following 2011 balance sheet items:                                                                         

            1.  Current Assets                                 

            2.  Shareholders' Equity           

            3. Noncurrent Assets                  

            4. Long-term Liabilities

Reference no: EM13488697

Questions Cloud

Define issuance of long-term bonds : Most decisions made by to management impact the ratios analysts use evaluate performance.  Indicate (by letter) whether each of the actions listed below will immediately increase (I), decrease (D) or have no effect (N) on the ratios shown.
What is the temperature of the air inside the balloon : The aire outside a hot-air balloon has a temperature of 17 C. Assume the pressure of the gas inside the balloon is roughly the same with the pressure outside of the balloon. What is the temperature of the air inside the balloon
Find the displacement current between the plates : A 0.138-A current is charging a capacitor that has square plates 5.20 cm on each side. The plate separation is 4.00 mm. Find the displacement current between the plates
Describe the reaction must be spontaneous regardless : For a certain chemical reaction, DH is
Determine the current assets : The current asset section of the Excalibur Tire Company's balance sheet consists of cash, marketable securities, accounts receivable and inventories.
Income statement in the contribution format : How many units would have to be sold during 2013 to earn a target profit of $59,000 for the year and Show both a total column and a per unit column on your statement
Determine the density of the oil : A block of wood floats on water. 80% of the wood is submerged in water. Now a layer of oil is carefully poured on top of the water to a depth that more than covers the block. what is the density of the oil
Enjoys goods x and y according to the utility function : Mr. J enjoys goods x and y according to the utility function
Which situation does pam prefer : Will Pam be able to buy and want to buy 30 cookies and 5 granola bars next week?

Reviews

Write a Review

Financial Accounting Questions & Answers

  Financial statement analysis and preparation

Financial Statement Analysis and Preparation

  Shareholder of a company

Describe the ways that a person can become a shareholder of a company. Why Wal-Mart would split its stock?

  Financial and accounting principles

An understanding of financial and accounting principles can be a valuable tool for managers. While not all managers will find themselves calculating financial ratios or preparing annual financial data.

  Prepare a statement of cash flow using the direct method

Prepare a Statement of Cash Flow using the Direct Method and Prepare the Operations section of the Statement of Cash Flow using the Indirect Method.

  Financial accounting assignment

This assignment has one case study and two question apart from case study. Questions related to document Liquidation question and Company financial statements question - Torquay Limited

  Prepare general journal entries for goela

Prepare general journal entries for Goela Ltd

  Principles of financial accounting

Prepare the journal entry to record the acquisition of the assets.

  Prepare general journal entries to record the transactions

Prepare general journal entries to record the transactions, assuming use of the periodic inventory system

  Global reporting initiative

Compare the view espoused by the economist Milton Friedman about the social responsibilities of business with the views express by Stigler.

  Explain the iasb conceptual frameworks

Explain the IASB Conceptual Framework's perspective of users and their decisions.

  Determine the company''s financial statements

T he focus of the report is to determine the extent to which you are comfortable relying on the financial statements as presented by management .

  Computation of free cash flow

Computation of Free Cash Flow

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