The following data were taken from the balance sheet of nilo company at the end of two recent fiscal years: current year previous year current assets: cash $271,300 $211,200 marketable securities 314,200 237,600 accounts and notes receivable (net) 128,500 79,200 inventories 1,144,400 805,200 prepaid expenses 589,600 514,800 total current assets $2,448,000 $1,848,000 current liabilities: accounts and notes payable (short-term) $295,800 $308,000 accrued liabilities 214,200 132,000 total current liabilities $510,000 $440,000 a. determine for each year (1) the working capital, (2) the current ratio, and (3) the quick ratio. round ratios to one decimal place.

An allergy products superstore buys 6000 of their most popular model of air filters each year. the price of the air filters is $18. the cost of ordering and receiving shipments is $12 per order. accounting estimates annual carrying costs are 20% of the price. the supplier lead time is 2 days. the store operates 240 days per year. each order is received from the supplier in a single delivery. there are no quantity discounts. what is the store’s minimum total annual cost of placing orders & carrying inventory?

Which of the following statements is not correct? the stock of publicly owned companies must generally be registered with and reported to a regulatory agency such as the sec. when stock in a closely held corporation is offered to the public for the first time, the transaction is called "going public, or an ipo," and the market for such stock is called the new issue or ipo market. "going public" establishes a firm's true intrinsic value and ensures that a liquid market will always exist for the firm's shares. if you wanted to know what rate of return stocks have provided in the past, you could examine data on the dow jones industrial index, the s& p 500 index, or the nasdaq index.

The strategy of first determining what the market is willing to pay, then subtracting a desired profit margin to determine a desired cost of production is called