Find the current ratio

Assignment Help Accounting Basics
Reference no: EM132592941

Question - For the FY 2018, Dorchester Company's balance sheet included the following current items: cash $49,000, accounts receivable $106,000, inventories $117,000, prepaid expenses $18,000, accounts payable $91,000, and accrued expenses $63,000. Use this information to find the Current Ratio.

Reference no: EM132592941

Questions Cloud

Prepare schedule for payment of materials for april and may : Prepare a Schedule of Collections for the month of April, May and June. Prepare schedule for payment of materials for April, May and June.
Introduction to economics assignment : Introduction to Economics Assignment Help and Solution, Report: The economic way of thinking - Assessment Writing Service - What are the opportunity costs
Future trends in information systems infrastructure : What are two future trends in information systems infrastructure and how do you think they will affect the way businesses
Explain the current accounting treatment for Property : Explain the current accounting treatment for Property, Plant, and Equipment (PP& E) under U.S. GAAP and IFRS
Find the current ratio : Prepaid expenses $18,000, accounts payable $91,000, and accrued expenses $63,000. Use this information to find the Current Ratio
Discuss culturally charged issue : Discuss a culturally charged issue that you have experienced in the workplace. How was this issue dealt with by management?
Explain nature of am enterprise as a merchandise business : Explain the difference between the nature of AM Enterprise as a merchandise business and EDC Hotels and Resorts as a service business.
Explain the importance of leadership to team : Explain the importance of leadership to a team. Explain leadership practices you incorporated into your leadership style.
Find the times interest earned ratio : Paid income taxes of $25,000, and had before tax interest expense of $15,000. Use this information to find the Times Interest Earned Ratio

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.

  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!

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