Determining the short-term obligations

Assignment Help Finance Basics
Reference no: EM131411831

Robert is a manager of a small-scale firm. He needs to decide whether the firm has sufficient resources to meet its short-term obligations. Calculate the ratio that Robert needs to calculate from the information given below.

Cash and cash equivalents

$1,057,600

Accounts receivables

1,556,500

Short-term investments

770,300

Other current assets

420,500

Accounts payable

995,700

Long-term debt

528,000

Short-term debt

176,000

Other current liabilities

2,495,700

  • Current ratio of 0.92
  • Debt ratio of 1.26
  • Debt ratio of 0.91
  • Current ratio of 1.04

Reference no: EM131411831

Questions Cloud

Analyze the dual role of manager and healthcare professional : Analyze the dual role of a manager and healthcare professional. Examine how participative leadership functions in today's modern health care organization and compare it to other types of leadership styles.
Account balance drops to zero : Mark wants to withdraw $6,500 at the end of three years and $8,000 at the end of five years. He wants to do this in such a way that the account balance drops to zero after the last withdrawal. Assuming that the interest rate is 5%, how much money ..
What role does entrepreneurship play in the economy : What role does entrepreneurship play in the economy? Who stands to gain from the success of individual entrepreneurs? How do others benefit? Why is the material requirements plan important, and what function does it serve. What are advantages of subm..
Describe the benefit of statistical data in criminal justice : Write a paper describing the benefits of using statistical data in criminal justice. Special attention should be given to the following:Mean,Median,Mode,Sample,Population.When are inferential and descriptive statistics appropriate in criminal justi..
Determining the short-term obligations : Robert is a manager of a small-scale firm. He needs to decide whether the firm has sufficient resources to meet its short-term obligations. Calculate the ratio that Robert needs to calculate from the information given below.
Develop a syndrome table for the code : What error detection and correction properties does the code defined in Problem 1.23 have? Develop a syndrome table for the code. Describe any interesting characteristics of the syndromes.
What do you believe are those particular skill sets : What do you believe are those particular skill sets? What are the ethical, financial, and legal implications for communication within a health care organization?
What do you perceive as significant ethical developments : What do you perceive as the most significant ethical developments and practices of the last 50 years in the psychology field? Support your view.
What did you learn about role of management in health care : For example, what did you learn about the role of management in influencing health care decisions? How do you think the future of healthcare will be impacted by your topic? Are there any current events and/or media stories that relate to your to..

Reviews

Write a Review

Finance Basics Questions & Answers

  Financial reporting and analysis

Finance is about Gunns Ltd, a company in dealing with forestry products in Australia. The company has also been listed in Australian Stock Exchange. As many companies producing forestry products, even Gunns Ltd is facing various problems. Due to the ..

  A report on financial accounting

This report is specific for a core understanding for Financial Accounting and its relevant factors.

  Describe the types of financial ratios

Describe the types of financial ratios and other financial performance measures that are used during venture's successful life cycle.

  Differences between sole proprietorship and corporation

Briefly describe the major differences between a sole proprietorship and a corporation

  Prepare a cash budget statement

Calculate the expected value of the apartment in 20 years' time. What is the mortgage loan repayment at the beginning of each month

  What are the implied interest rates

What are the implied interest rates in Europe and the U.S.?

  State pricing theory and no-arbitrage pricing theory

State pricing theory and no-arbitrage pricing theory

  Small business administration

Identify the likely stage for each venture and describe the type of financing each venture is likely to be seeking and identify potential sources for that financing.

  Effect of financial leverage

The Effect of Financial Leverage and working capital management

  Evaluate the basis for the payment to the lender

Evaluate the basis for the payment to the lender and basis for the payment to the company-counterparty.

  Importance of opps, ipps, mpfs and dmepos

Research and discuss the differences and importance of : OPPS, IPPS, MPFS and DMEPOS.

  Time value of money

Time Value of Money project

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!

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