User Account

All Pages

Determine the current ratio and acid test ratio

Assignment Help Financial Accounting
Reference no: EM132944774

The following data were taken from the balance sheet of Haydee Company:

Cash P 92 000

Prepaid Expense P 12 500

Marketable Securities 50 000

Accounts Receivable (net) 122 000

Merchandise Inventory 273 500

Accounts Payable 175 000

Accrued Liabilities 45 000

Problem 1: Determine the following. Show solutions.

a. Working Capital b. Current Ratio c. Acid Test Ratio

Problem 2: What conclusions can be drawn from these data as to the company's ability to meet its currently maturing debts?

Reference no: EM132944774

Questions Cloud

What was the effect of the transaction on working capital : What was the gain or loss on sale? How would the transaction be reported in the cash flow statement? What was the effect of the transaction on working capital?
Describe how negative results could have been avoided : Risk management in healthcare organizations enhances the quality of patient care and customer satisfaction. The commitment of healthcare providers is critical f
What are the two major forces : What are the two major forces that are contributing to the rise of globalization? Are both absolutely necessary and how do they interact with each other? Please
Reshape the global business landscape : Briefly explain how the 5G technology could reshape the global business landscape.
Determine the current ratio and acid test ratio : Determine the Current Ratio and Acid Test Ratio. What conclusions can be drawn from these data as to the company's ability to meet
Examine the productivity data for him department : Examine the productivity data for your HIM department.Compare to industry standards and other facilities that use the same EHR
What is the net present value of project : For the business alone and no other assets (such as the building and land), the purchase price is $250,000. The net cash flows for the project are $30,000 per y
How can a corporation fail to keep pace : How can a corporation fail to keep pace with a changing environment, from an organizational culture perspective?
Discuss the chief mistake that enron manufactured in indian : Discuss the chief mistake that Enron manufactured in Indian installment payments on your Discuss what Enron could have done in a different way to avoid

Reviews

Write a Review

Financial Accounting Questions & Answers

  Determine the amount of business interest expense deduction

Determine the amount of business interest expense deduction and disallowed interest expense carryforward, if any. Company A has ATI of $70,000 and business

  Calculate tax credit on disposal

Reversing Rapids has a tax rate of 30%. The asset is sold at the end of four years for $12,896. Calculate tax credit on disposal

  Adjusting entry for depreciation using straight line metod

Prepare journal entries for the following: Nov. 1, 2009 Purchased machinery for 93,600 with a 7,200 residual value and a six year life by paying 14,400 down and the balance with a note payable (ignore interest). Dec. 31, 2009 Record the adjusting ent..

  Which would be used for a project that has non-normal

Assume that the present value of the investment is 1000 and future value is 1403 after five years. What is the annual interest rate (%i)?

  Evaluate the gregson absorption costing gross margin

Evaluate the Gregson absorption costing gross margin and profit and Gregson variable contribution margin and profit?

  Compute why is sometimes misleading to compare a company

Compute why it is sometimes misleading to compare a company's financial ratios with those of other firms that operate within the same industry.

  What the amount of the appropriate adjusting entry

If uncollectible accounts expense is estimated at 2% of net sales, what the amount of the appropriate adjusting entry

  Explain the definition of control in aasb consolidated

Explain the definition of control in AASB 10 Consolidated Financial Statements, explain whether or not Old Ltd has control of New Ltd and why

  Determine the amount of net income for march

Determine the amount of net income for March, assuming that no additional common stock was issued and no dividends were paid during the month.

  Prepare and show the unadjusted book balance

The bank statement for Tetra Company, Assuming that the unadjusted bank balance was $1,900, show the unadjusted book balance?

  Prepare the business combination valuation entries

Prepare the business combination valuation entries and pre-acquisition entries at I January 2017. Prepare the business combination valuation entries and pre-acquisition entries at 31 December 2017.

  Calculate the projected cash flow-net present value.

Your company is thinking about acquiring another corporation. You have two choices - the cost of each choice is 250,000. You cannot spend more than that, so acquiring both corporations is not an option, calculate A 5 year projected income statement, ..

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