User Account

All Pages

What is the acid-test ratio

Assignment Help Accounting Basics
Reference no: EM132592354

Question - Presented below is information related to Coronado Industries.

Current Assets Cash $20000

Short-term investments 71000

Accounts receivable 59000

Inventories 103000

Prepaid expenses 30000

Total current assets $283000

Total current liabilities are $100000. What is the acid-test ratio?

a) 1.50 to 1.

b) 0.91 to 1.

c) 2.53 to 1.

d) 2.83 to 1.

Reference no: EM132592354

Questions Cloud

Describe the demographics of your school district : Describe the demographics of your school district and compare them to the demographics of the county or city in which it resides.
Summarize the risk factors : Summarize the risk factors mentioned within the MD&A (Item 7 in the 10-K) of the footnotes. Comparing Netflix, Inc., and Amazon.com, Inc
All american is independent film series : All American is an independent film series that serves as a microcosm of our society, and highlights many of the social issues affecting our society today.
Organizational culture analysis : Describe how each item listed above impacts the values and culture of the organization - Your paper must use a minimum of two scholarly sources
What is the acid-test ratio : Short-term investments 71000 and Current Assets Cash $20000. Total current liabilities are $100000. What is the acid-test ratio
Find the net cash provided by operating activities : Amortization of a bond discount, $11300. Waterway also paid an $80400 dividend during the year. Find the net cash provided by operating activities
Plan family literacy night : Plan a Family Literacy Night for your local elementary school. What is the literature-based theme for the night? Who will lead the sessions?
What is the amount of subscription revenue : The company uses the accrual method of accounting. What is the amount of Subscription Revenue that has been earned by the end of December
Make science instruction engaging and interesting : In what ways can you make science instruction engaging and interesting in your classroom? What techniques and strategies will you use, and why?

Reviews

Write a Review

Accounting Basics Questions & Answers

  Determine the adjusted cash balance per bank

At July 31, Ramirez Company has the following bank information: cash balance per bank $7,420, outstanding checks $762, deposits in transit $1,620, and a bank service charge $20. Determine the adjusted cash balance per bank at July 31.

  Describe the manufacturing process

Choose a product to manufacture and to describe the manufacturing process. Prepare the following budgets for 1 quarter broken down monthly regarding your chosen item: estimated sales budget, estimated direct materials budget, estimated direct labor..

  If land and a building on the land are purchased for

if land and a building on the land are purchased for 336000 and the appraised values of the land and building are 60000

  Joe has been able to manage his company quite well for the

joe peterson is the founder and majority shareholder of zipali inc.wholesaler of chemicals. joe started the business in

  Determine the net present value for each machine

Albert Shoe Company is considering investing in one of two machines that attach heels to shoes. Determine the net present value for each machine

  Outside basis of partner

What is each partner's outside basis and how much gain (loss) must the partners recognize in 20X9 when Picture Perfect was formed?

  Determine what discount rate Vestor should use

Determine what discount rate (WACC) Vestor should use to evaluate the warehousing facility project. Assess whether Vestor should make the warehouse investment

  Which correct amount to be included in the payback period

If the company has a tax rate of 25%, which of the following represents the correct amount to be included in the payback period analysis for Year 1?

  At what price will the bond trade

Question - A risk-free, zero coupon bond with a face value of $5,000 has 10 years to maturity. If the YTM is 3.25%, at what price will the bond trade

  Compare the EVA for Briggs and Stratton

Briggs & Stratton Corporation is the world's largest maker of air-cooled gasoline engines for outdoor power equipment. Compare the EVA for Briggs and Stratton

  What is the gain or loss or dividend income to the

abc corporation has 1000 outstanding stock sharesshareholder e owns 100 shares with an adjusted basis of

  Determine the cost of plant assets

Determine the cost of plant assets and Compute depreciation by using straight line, declining balance and units of production depreciation methods

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