subject
Business, 24.02.2020 23:29 brebre63

Presented below is information related to Tolbert Company.

Current Assets

Cash $ 4,000
Short-term investments 75,000
Accounts receivable 61,000
Inventories 110,000
Prepaid expenses 30,000
Total current assets $280,000

Total current liabilities are $100,000. What is the acid-test ratio?

a. 2.8 to 1.
b. 2.5 to 1.
c. 1.4 to 1.
d. 0.8 to 1.

ansver
Answers: 1

Another question on Business

question
Business, 21.06.2019 23:20
Which feature transfers a slide show into a word-processing document?
Answers: 2
question
Business, 22.06.2019 01:30
Suppose the following items were taken from the balance sheet of nike, inc. (all dollars are in millions.) 1. cash $ 2,316.7 7. inventory $ 2,245.6 2. accounts receivable 2,786.2 8. income taxes payable 80.3 3. common stock 2,841.1 9. equipment 1,783.8 4. notes payable 291.2 10. retained earnings 6,162.5 5. buildings 3,959.7 11. accounts payable 2,624.6 6. mortgage payable 1,092.3 perform each of the following. classify each of these items as an asset, liability, or stockholders’ equity, and determine the total dollar amount for each classification. (enter amounts in millions up to 1 decimal place, e.g. 45.5 million.) cash accounts receivable common stock notes payable buildings mortgage payable inventory income taxes payable equipment retained earnings accounts payable assets $ 13092 liability $ 4088.4 stockholders’ equity $ 9003.6 etextbook and media determine nike’s accounting equation by calculating the value of total assets, total liabilities, and total stockholders’ equity. (enter amounts in millions up to 1 decimal place, e.g. 45.5 million.) total assets = total liabilities + total stockholders’ equity
Answers: 3
question
Business, 22.06.2019 12:20
In terms of precent, beer has more alcohol than whiskey true or false
Answers: 1
question
Business, 22.06.2019 14:30
Stella company sells only two products, product a and product b. product a product b total selling price $50 $30 variable cost per unit $20 $10 total fixed costs $2,110,000 stella sells two units of product a for each unit it sells of product b. stella faces a tax rate of 40%. stella desires a net afterminustax income of $54,000. the breakeven point in units would be
Answers: 3
You know the right answer?
Presented below is information related to Tolbert Company.

Current Assets

...
Questions
question
Mathematics, 26.10.2021 14:00
question
Mathematics, 26.10.2021 14:00
question
Mathematics, 26.10.2021 14:00
question
Mathematics, 26.10.2021 14:00
Questions on the website: 13722360