User Account

All Pages

What will the acid-test ratio be

Assignment Help Accounting Basics
Reference no: EM131776674

(c) A company has current assets of $95,000 (of which $38,000 is inventory and prepaid items) and current liabilities of $38,000. What is the current ratio? What is the acid-test ratio? If the company borrows $13,000 cash from a bank on a 120-day loan, what will its current ratio be?

What will the acid-test ratio be? (Round answers to 2 decimal places, e.g. 2.50.)

Current Ratio
Acid Test Ratio
New Current Ratio
New Acid Test Ratio

(d) A company has current assets of $604,000 and current liabilities of $218,000. The board of directors declares a cash dividend of $183,000. What is the current ratio after the declaration but before payment? What is the current ratio after the payment of the dividend? (Round answers to 2 decimal places, e.g. 2.50.)

Reference no: EM131776674

Questions Cloud

Prepare journal entry to recognize the income tax benefits : Required: Prepare the journal entry to recognize the income tax benefit of the operating loss in 2011. Fore selects the carryback option
What is the journal entry to record the exchange : Company traded in a manual pressing machine for an automated pressing machine and gave $24,000 cash
Common-size vertical analysis of the current assets : Complete a common-size vertical analysis of the current assets section of Drucker's balance sheet for 2012
Prepare the journal entries to record income taxes : The operational asset has a four-year life and no residual value. Prepare the journal entries to record income taxes for the years 2011 through 2014
What will the acid-test ratio be : A company has current assets of $604,000 and current liabilities of $218,000.
Determine the amounts necessary to record income taxes : Determine the amounts necessary to record income taxes for 2009 and prepare the appropriate journal entry
What is the software : What is the software and The pros and cons of the software - Any recommendations you would like to see added or removed from the software
What part of the above car expenses is deductible : Based on this information, what part of the above car expenses is deductible as business related expenses on Al's current year income tax return
Analysis to determine whether the ice makers : Prepare an incremental analysis to determine whether the ice makers should be made within the company or purchased from the outside supplier

Reviews

Write a Review

Accounting Basics Questions & Answers

  How much control does fed have over this longer real rate

Hubbard argues that the Fed can control the Fed funds rate, but the interest rate that is important for the economy is a longer-term real rate of interest.   How much control does the Fed have over this longer real rate?

  Coures:- fundamental accounting principles

Coures:- Fundamental Accounting Principles: - Explain the goals and uses of special journals.

  Accounting problems

Accounting problems,  Draw a detailed timeline incorporating the dividends, calculate    the exact Payback Period  b)   the discounted Payback Period. the IRR,  the NPV, the Profitability Index.

  Theory of interest - term structure of interest rates

Term Structure of Interest Rates

  Write a report on internal controls

Write a report on Internal Controls

  Prepare the bank reconciliation for company

Prepare the bank reconciliation for company.

  Cost-benefit analysis

Create a cost-benefit analysis to evaluate the project

  Theory of interest

Theory of Interest: NPV, IRR, Nominal and Real, Amortization, Sinking Fund, TWRR, DWRR

  Liquidity and profitability

Distinguish between liquidity and profitability.

  What is the expected risk premium on the portfolio

Your Corp, Inc. has a corporate tax rate of 35%. Please calculate their after tax cost of debt expressed as a percentage. Your Corp, Inc. has several outstanding bond issues all of which require semiannual interest payments.

  Simple interest and compound interest

Simple Interest, Compound interest, discount rate, force of interest, AV, PV

  Capm and venture capital

CAPM and Venture Capital

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