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Question - What is the current ratio for the firm with the following data?
Assets: Cash: $30,000
A/R: $45,000
Inventory: $75,000
Equipment: $100,000
Goodwill: $50,000
Equities:
Current bills: (you need to calculate)
A/P: $30,000
Withholding taxes: $10,000
Mortgage: $150,000
Owner's Equity: $100,000
What is the current ratio?
Prepare the pro forma income statement and balance sheet for the next year and answer the following questions. The SG&A expense for the following year is:
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Several years ago, you put $10,000 in a term deposit that paid 4% compounded quarterly. How many YEARS ago did you buy term deposit
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the average unit cost at a monthly volume of 9000 units is 3 and the average unit cost at a monthly volume of 22500
Compute the total cost per ton of ore mined in the first year. (Show computations by setting up a schedule giving cost per ton.)
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