What is the current ratio

Assignment Help Financial Accounting
Reference no: EM132915599

Question - SDJ, Inc., has net working capital of $2,170, current liabilities of $4,590, and inventory of $3,860.

Required -

a. What is the current ratio?

b. What is the quick ratio?

Reference no: EM132915599

Questions Cloud

Give the entries on december and on february : Give the entries on December 31, 2019 and on February 28,2020 (the date of actual purchase) when the market price on February 28, 2020 of each sack of rice is
The world would be like without photography : What do you think the world would be like without photography? How much of what we see in a photograph is real?
Components of property and stock agents regulation 2014 : What are some example key components of property and stock agents regulation 2014?
What is the npv break-even level of diamonds sold per year : What is the NPV break-even level of diamonds sold per year assuming a tax rate of 21%, a 10-year project life, and a discount rate of 10%?
What is the current ratio : SDJ, Inc., has net working capital of $2,170, current liabilities of $4,590, and inventory of $3,860. What is the current ratio
Investigate the vast inventory of technology tools : Investigate the vast inventory of technology tools available to teachers today from software programs such as Jump Up to hardware such as SmartBoards.
What would the pension expense be : What would the pension expense be that ABC should recognize in 2019? Assuming the past service cost (PSC) set up on January 1, 2019
Advantages of advertising a business : State 5 advantages of advertising a business 1. (a) Define each of the following terms:(i) Current Budget Deficit;
How the revenue should be recognised by goninjas ltd : GoNinjas Ltd is a sport club that charges membership fees. Discuss how the revenue should be recognised by GoNinjas Ltd for the membership fee of $50 payments.

Reviews

Write a Review

Financial Accounting Questions & Answers

  What is the total revenue that is needed at the new price

Department wants to understand the revenue target. What is the total revenue that is needed at the new price in order to maintain the same total dollar margin?

  How to determine the selling price on a sale-type lease

How to determine the selling price on a sale-type lease with unguaranteed of $20,000, 5 year lease. annual payment 100,000. Interest 14%, Cost 313,000.

  Federal policies of negotiation with selected faction

Over the last two hundred years, there have been various strategies employed by the U.S. government to disrupt tribal unity and enforce "civilization".  For example, the use of scouts by the government in the 19th century, land allotments, boarding s..

  What is effect on acmes overall profit if chipper accepts

Chipper Division of Acme Corp. sells 80,000 units of part Z-25 to the outside market. Part Z-25 sells for $40, has a variable cost of $22, and a fixed cost per unit of $10. Chipper has a capacity to produce 100,000 units per period. Jones Division cu..

  Prepare the lease payments schedule for drago ltd

Explain how, in accordance with the requirements of AASB 117 Leases, Drago Ltd should classify this lease agreement. Prepare the lease payments schedule for Drago Ltd.

  Manufacturing cycle efficiency

Kurena Company provided the following information on one of its factories: Maximum units produced in a quarter: 180,000 units. Calculate the amount of processing time per unit and the amount of time per unit. Calculate the MCE.

  What is the carrying amount of the bonds at december

Interest is payable annually on December 31. What is the carrying amount of the bonds at December 31, 2020

  Compute the goodwill on the acquisition date

Hot Inc. sold depreciable assets to Cold on January 1, 2019, at a loss of $15,000. Compute the goodwill on the acquisition date

  What corrected balance of pangasinan''s inventory should be

The corrected balance of Pangasinan's inventory should be? Merchandise costing P160,000, which was held by Pangasinan on consignment.

  Would a merger or acquisition affect mr jones ability

Would a merger or acquisition affect Mr. Jones’ ability to change Smithon’s fiscal year-end to a calendar year-end? Could Smithon be converted to an S corporation?

  What is a cost function the revenue function

Manufactures small canoes has a fixed cost of $14,000 costs $20 to produce each canoe. the selling price is $40 per canoe. What is a cost function the revenue function and determine the break even point.

  Explain the different categories of financial assets

Explain the different categories of financial assets (such as passive investments) and their measurement under IFRS and ASPE.

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