What would you advise business abc

Assignment Help Accounting Basics
Reference no: EM133030045

Question - How is business ABC doing compared to the industry standard?

ABC-Current ratio is 3.8

Inventory turnover is 10

Industry Standard-

Current ratio is 1.64

Inventory turnover is 16.06

What would you advise business ABC? Why?

Reference no: EM133030045

Questions Cloud

Analyze this data using an appropriate control chart : Number of responndets who opposed (each week, respectively): 15, 3, 4, 19, 11, 23, 3, 16, 1, 21. Analyze this data using an appropriate control chart
Calculate the bond coupon interest rate : A $2,000 bond with 8 years to maturity is currently selling for $2,055. If the yield to maturity is 9.5%, calculate the bond's coupon interest rate
Compute the net present value for the investment : Compute the net present value for the investment of health spa only given that 500 sq feet were purchased and resold after 10 yrs
Calculate the amount of interest payable on april : The first instalment is payable on 31 March 2023. Interest is payable monthly at 7% per year beginning on 1 April 2021. Calculate the amount of interest payable
What would you advise business abc : Question - How is business ABC doing compared to the industry standard? What would you advise business ABC? Why
Phases of the shared management model : Discuss the different phases of the shared management model. Write a note on "Successful succession planning"
Conduct preemployment background : 2. Why is it important to conduct preemployment background investigations? How would you go about doing this?
Prepare an analysis whether the big bart line be eliminated : If the Big Bart line is eliminated, $20,000 of fixed costs will remain. Prepare an analysis showing whether the Big Bart line should be eliminated
Assignment on the creepy guy : Ursula could be a "stunt double" for Barbie with her curvaceous figure, flowing blonde hair, and dazzling blue eyes.

Reviews

Write a Review

Accounting Basics Questions & Answers

  Calculate diluted shares outstanding

The CEO held 62 stock options with a strike price of $50 per share, which were fully vested. Calculate diluted shares outstanding for 2018

  Kragan clothing company manufactures its own designed and

kragan clothing company manufactures its own designed and labeled sports attire and sells its products through catalog

  At the end of 2007 carroll corporation a calendar year

at the end of 2007 carroll corporation a calendar year accrual basis c corporation wanted to make a contribution to a

  Classification of income statement and retained earnings

classification of income statement and retained earnings statement items.the bad debt rate was increased from 1 to 2

  The sales manager believes that a reduction in the sales

rosario company which is located in buenos aires argentina manufactures a component used in farm machinery. the firms

  What are the journal entries necessary as a direct result

What are the journal entries necessary as a direct result of the change, as well as any adjusting entries for 2021 related to the situations described.

  Effects on the accounts and financial statements

Determine the effects on the accounts and financial statements of recording the following selected transactions of Lone Star Leather Co.:

  Prepare the January journal entry to record bonds issuance

Legacy issues $325,000 of 5%, four-year bonds dated January 1, 2017, Prepare the January 1, 2017, journal entry to record the bonds' issuance

  Compute the overall contribution margin ratio

The Cleveland variable expense ratio is 55%. The traceable fixed costs to Greenville are $140,000. Compute the overall contribution margin ratio

  Calculate the net present value of the new equipment

The new equipment would require a repair of $25,000 in year four and another repair costing $80,000 in year eight. Calculate the net present value

  Prepare the journal entry relating to this transaction

On June 1, 20x5, a Victor Inc. placed an order for equipment with a United States manufacturer. Prepare the journal entry relating to this transaction

  What is the expected present value

The rate of interest on default risk-free investments is 8%. What is the expected present value of Cynthia Bennett' 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