What are its inventories

Assignment Help Accounting Basics
Reference no: EM133048627

Question - A firm's current ratio is 1.5, and its quick ratio is 1.0. If its current liabilities $10,600, what are its inventories?

Reference no: EM133048627

Questions Cloud

Affordable care act with canadian health care system : What are the differences between the Affordable Care Act with the Canadian Health Care System?
Competitive and centralized with top-down communication : A company which is currently maintaining its accounts manually is installing an accounts software so that all its accounts transactions can be done digitally.
Determine the book value of the investment : The stock was purchased for $12.00 per share, and represents a 30% ownership stake. Determine the book value of the investment
Goldman sachs case study : Goldman Sachs was long considered one of the best financial services companies to work for,due to its prestige, high salaries, bonuses, and perks. Yet by 2014,
What are its inventories : Question - A firm's current ratio is 1.5, and its quick ratio is 1.0. If its current liabilities $10,600, what are its inventories
Define access control list : Define an Access Control List (ACL) and how to use one within a networking environment. Define the differences between public and private IP addresses.
Contingency planning : Contingency planning is a risk mitigation process for developing back-up plans in anticipation of events (scenarios) that might disrupt ‘business as usual'.
Undergo business process reengineering : Explain why a company would want to undergo business process reengineering.
What is the rate of return over the year for this stock : The stock is currently selling for $368.77 per share. Netflix does not pay a dividend on its stock. What is the rate of return over the year for this stock

Reviews

Write a Review

Accounting Basics Questions & Answers

  What is the difference in the level of influence

Question - What is the difference in the level of influence of a shareholder with 15% shares versus a shareholder with 30%

  Calculate the impact on net income

A full year's depreciation is charged in the year that equipment is acquired. The company's tax rate is 30%. Calculate the impact on Net Income

  Ottawa corporation owns machinery that cost 29400 when

ottawa corporation owns machinery that cost 29400 when purchased on january 1 2007. depreciation has been recorded at

  Identify what credits ronnie might be eligible for

Identify what credits Ronnie might be eligible for, based on the facts he provided.Determine the amount of each credit.What's his 2019 tax, after credits?

  How to determine the revenue in year one

Payments of P59,300 each year to start on December 31, 20x3. The project is 60% complete by the end of year 1. Determine the revenue in year 1.

  What is the amount of ending inventory

Assume the "cost of goods available for sale" during a year is $120,000. What is the amount of ending inventory

  Determine and explain the amount of ordinary income

Taxation of an S Corporation - Determine and explain the amount of ordinary income and separately stated items allocated to them for Year 1

  What is the total cost of the new equipment

Prior to installation, Yocum paid $4,000 to pour a concrete slab on which to place the equipment. What is the total cost of the new equipment

  What is the correct entry for Flores on November

On November 10 of the current year, Flores Mills sold carpet to a customer for $8,500 with credit terms 1/10, n/30. What is the correct entry for Flores

  Publicity to help create a positive image for her firm

Publicity to help create a positive image for her firm and its products.emphasizing personal selling rather than public relations.changing jobs

  Poppycrock inc manufactures large crates of microwaveable

poppycrock inc. manufactures large crates of microwaveable popcorn that are typically sold to distributors. its main

  Problem related to transfers land worth

Erica transfers land worth $500,000, basis of $100,000, to a newly formed corporation, Robin Corporation, for all of Robin's stock, worth $300,000, and a 10-year note. The note was executed by Robin and made payable to Erica in the amount of $200,..

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