User Account

All Pages

Determine what is the current ratio

Assignment Help Accounting Basics
Reference no: EM132492451

Point 1: John Roe is attempting to categorize several items from his company's financial statements so he can determine his working capital. Joe notices the following categories of accounts and amounts:

cash, $3,878;

accounts payable, $10,399;

accounts receivable, $14,772;

sales taxes due city of Phoenix, $742;

sales taxes due the Arizona Department of Revenue, $3,514;

inventory, $16,500;

wages payable, $5,455;

taxes payable (federal), $2,867;

money market fund, $12,493; and

computer, $3,467.

Question 1: What is the Current Ratio? (Round your answer to four decimal's, i.e. 123.4567)

Reference no: EM132492451

Questions Cloud

Evaluate how sale of books would change : Determine what effect a price increase would have on total revenue? Evaluate how sale of books would change during a period of rising incomes?
Evaluate a company recent actions dealing with risk : Evaluate a company's recent (within the last year) actions dealing with risk and uncertainty. Offer advice for improving risk management.
What is the price of a four?-year : What is the price of a 4?-year, 7.5% coupon? rate, $1,000 face value bond that pays interest quarterly if the yield to maturity on similar bonds is 12.2 %
Precisely adjusts the cpi for the improvement : If the Institute of Statistics precisely adjusts the CPI for the improvement in quality, then, other things equal
Determine what is the current ratio : What is the Current Ratio? (Round your answer to four decimal's, i.e. 123.4567) John Roe is attempting to categorize several items from his company's financial
Determine your investment return on the fund : You purchased 5,000 shares of a mutual fund at a price of $7.50 per share. You later sell those shares for $8.35 per share. During the time you owned.
Compute what is the amount of net working capital : What is the amount of net working capital? Joe Fellows is attempting to categorize several items from his company's financial statement
What do you think is driving the process : Is the city where you live (or the largest city in the region where you live) growing, relatively stable, or shrinking in population? What do you think is.
What are some of the reasons that we have the turnout we do : How does voter turnout in the United States compare with other nations? What are some of the reasons that we have the turnout we do?

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