What is the firm current ratio

Assignment Help Accounting Basics
Reference no: EM131875440

Question - Laurel Electronics has a quick ratio of 1.19, current liabilities of $4,041,163, and inventories of $6,077,200. What is the firm's current ratio?

Reference no: EM131875440

Questions Cloud

What expense should bramble company record : What expense should Bramble Company record as a result of the facts above for the year ended December 31, 2017
What is sprint nextel break-even number of accounts : Assume that 75% of the cost of revenue and 25% of the selling, What is Sprint Nextel's break-even number of accounts, using the data and assump- tions above
Assessing the validity of the mutually exclusive project : You have been hired in the finance department at a large, metropolitan for-profit hospital. Your duties are very important to the entire hospital in terms.
Using gordon model of common stock of american express : calculate the expected rate of return using gordon Model of the common stock of American Express
What is the firm current ratio : Laurel Electronics has a quick ratio of 1.19, current liabilities of $4,041,163, and inventories of $6,077,200. What is the firm's current ratio
What role should the government play in health care system : What role should the government play in the health care system? How much control should they have over the health insurance companies?
Show the entry that would be made in the debt service fund : Show the entry that would be made in the debt service fund and governmental activities journal to record the second lease payment.
Discuss some actions taken by the federal government : Discuss some actions taken by the federal government and whether the recession would have been longer and the unemployment rate higher if the government.
What is blue payout ratio : Assume that all balance sheet amounts represent average balance figures. Stockholders' equity-common 280000. What is Blue payout ratio

Reviews

Write a Review

Accounting Basics Questions & Answers

  Beauty Supply uses the gross profit method

Kay's Beauty Supply uses the gross profit method to estimate the cost of ending inventory for in-house interim financial statements. Based on the following information for March, calculate Kay's Beauty Supply 's ending inventory at March 31.

  Management director of the new i can business incorporated

You were recently hired as management director of the new I Can Business Incorporated (ICBI). You have been asked to establish policies and systems for the business. The first one you choose to work on is a financial reporting system.

  Calculate the ratios in exhibit

Calculate the ratios in Exhibit 13.5 for which sufficient information is available. Round all calculations to two decimal places. Assume that you work in the loan department of a local bank. You have been asked to analyze the situation and recommend ..

  The following are selected transactions of donn company

The following are selected transactions of Donn Company. Donn prepares financial statements quarterly.

  The sole shareholder and chief executive officer

Ms. S is the sole shareholder and chief executive officer of SMJ Corporation. Ms. S's college roommate recently lost her job, is in financial difficulty, and has asked Ms. S for a loan. Instead of a loan, Ms. S offered the roommate a job with SMJ ..

  The statement of cash flows using the indirect method

Prepare the operating activities section of the statement of cash flows using the indirect method.

  Matuseski corporation is preparing its cash budget for

matuseski corporation is preparing its cash budget for october. the budgeted beginning cash balance is 17000. budgeted

  Refer to the following lease amortization schedule the 10

refer to the following lease amortization schedule. the 10 payments are made annually starting with the inception of

  How many units are in ending work in process

If beginning work in process was 9,000 units, how many units are in ending work in process

  Which of the factors affecting accounting development

Which of the factors affecting accounting development are likely to be the most serious obstacles to the EU harmonization effort

  What was the amount of net cash

FINANCIAL REPORTING PROBLEM: Tootsie Roll Industries, Inc. What was the amount of net cash provided by operating activities for 2011? For 2010

  Analyze disneys overall cash flow picture for 2007 2008 and

locate the 2009 financial statements for the walt disney company on the internet and consider the following1.does

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