The current asset section of guardian consultant

Reference no: EM13315102

The current asset section of Guardian Consultant's balance sheet consists of cash, accounts receivable, and prepaid expenses. The 2011 balance sheet reported the following: cash, $1,300,000; prepaid expenses, $360,000; noncurrent assets, $2,400,000; and shareholders' equity, $2,500,000. The current ratio at the end of the year was 2.0 and the debt to equity ratio was 1.4.

Required:

Determine the following 2011 amounts and ratios:

1.Current liabilities.
2.Long-term liabilities.
3.Accounts receivable.
4.The acid-test ratio.

Reference no: EM13315102

Questions Cloud

What pressure difference is needed to maintain a flow rate : Engine oil (?=0.20Pa?s) passes through a 2.60mm diameter tube in a prototype engine. What pressure difference is needed to maintain a flow rate of 6.5mL/min

Find the smallest number you could hook together : Suppose you want a capacitor bank with a total capacitance of 1.450 F and you possess numerous 2.50 mF capacitors. What is the smallest number you could hook together to achieve your goal

Determine speed of the ball when it hits the bottom of lake : A ball is dropped from a boat so that it strikes the surface of a lake with a speed of 19.5ft/s. While in the water the ball experiences an acceleration of a = 10 - 0.8v, where a and v are expressed in ft/s^2 and ft/s, respectively

Role of motivation-ability and environment led to peformance : Describe an instance in which you have done an exceptionally good job, either at work or at school. Be specific as to how the roles of Motivation, Ability, and Environment led to your performance.

The current asset section of guardian consultant : The current asset section of Guardian Consultant's balance sheet consists of cash, accounts receivable, and prepaid expenses. The 2011 balance sheet reported the following: cash, $1,300,000; prepaid expenses, $360,000; noncurrent assets, $2,400..

Determine the tradeoff between the cost and the energy head : Two materials (wrought iron, ks = 0.046 mm, and galvanized iron, ks = 0.15 mm) are being considered for a new pipeline. The expected discharge is 0.15 m3/s. Both the head loss and cost are sought for.

What is the volume rate of flow : A 5.6cm diameter horizontal pipe gradually narrows to 2.9cm. When water flows through this pipe at a certain rate, What is the volume rate of flow

Calculate water content-void ration and degree of saturation : A wet sand sample has a volume of 4.63 * 10^-4 m^3 and weighs 8 N. After oven-drying, the weight reduces to 7.5 N. Calculate the water content, void ration, and degree of saturation.

Calculate the density of the rock : A geologist finds that a Moon rock whose mass is 9.64kg has an apparent mass of 6.25kg when submerged in water. What is the density of the rock

User Account

All Pages