What is the company current ratio for b and t supply inc

Assignment Help Financial Accounting
Reference no: EM132998098

Question 1: B&T Supply, Inc. has Cash of $9,000, Accounts Receivable $9,000, Office Supplies of $500, Land of $50,000 and Buildings of $100,000. They owe $3,000 of Accounts Payable, $1500 of Salaries Payable, and $75,000 of Long-term Notes Payable. What is the company's current ratio (round to two decimals including zeros if needed)?

Reference no: EM132998098

Questions Cloud

What difficulties are commonly encountered in ssrs : What difficulties are commonly encountered in SSRS? How can these difficulties be overcome?
What is the purpose of conducting pre-event research : What is the purpose of conducting pre-event research? How can event professionals use the information to make decisions?
Describe futures and forward contracts : Question - Describe futures and forward contracts and discuss how a hedger may utilise one of the two contracts, by providing an example
Why is data analysis important : Why is data analysis important? What are key principles in analysis?
What is the company current ratio for b and t supply inc : What is the company's current ratio (round to two decimals including zeros if needed)? B&T Supply, Inc. has Cash of $9,000, Accounts Receivable $9,000
Identify basic pieces of passenger : Your customers are a family of four who lives in Toronto. They want to spend a week in Puerto Vallarta on vacation from November 01 to November 08, 2021. hold b
How do make the tax-related journal entries : The tax rate for 2017 and 2018 was 30%. The tax rate for 2019 to 2023 was 25%. How do make the tax-related journal entries
What is mary effective annual rate : What is Mary's effective annual rate? Mary purchased 100 shares of Sweet Pea Co. stock at a price of $46.18 six months ago. She sold all stocks today for $47.82
How do you increase the market share in capsim : How do you increase the market share in Capsim?

Reviews

Write a Review

Financial Accounting Questions & Answers

  Financial statement analysis and preparation

Financial Statement Analysis and Preparation

  Shareholder of a company

Describe the ways that a person can become a shareholder of a company. Why Wal-Mart would split its stock?

  Financial and accounting principles

An understanding of financial and accounting principles can be a valuable tool for managers. While not all managers will find themselves calculating financial ratios or preparing annual financial data.

  Prepare a statement of cash flow using the direct method

Prepare a Statement of Cash Flow using the Direct Method and Prepare the Operations section of the Statement of Cash Flow using the Indirect Method.

  Financial accounting assignment

This assignment has one case study and two question apart from case study. Questions related to document Liquidation question and Company financial statements question - Torquay Limited

  Prepare general journal entries for goela

Prepare general journal entries for Goela Ltd

  Principles of financial accounting

Prepare the journal entry to record the acquisition of the assets.

  Prepare general journal entries to record the transactions

Prepare general journal entries to record the transactions, assuming use of the periodic inventory system

  Global reporting initiative

Compare the view espoused by the economist Milton Friedman about the social responsibilities of business with the views express by Stigler.

  Explain the iasb conceptual frameworks

Explain the IASB Conceptual Framework's perspective of users and their decisions.

  Determine the company''s financial statements

T he focus of the report is to determine the extent to which you are comfortable relying on the financial statements as presented by management .

  Computation of free cash flow

Computation of Free Cash Flow

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