Business, 10.08.2021 02:10 stusullivanriley

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 $391,000 $300,000
Marketable securities 515,000 354,000
Accounts and notes receivable (net) 634,000 426,000
Inventories 368,000 222,000

Prepaid expenses 182,000 138,000
Total current assets $2,090,000 $1,440,000
Current abilities:
Accounts and notes payable (short-term) $725,000 $600,000
Accrued lisbilities 275,000 300,000
Total current liabilities $1,000,000 $900,000
Determine for each year:
(1) the working capital,
(2) the current ratio, and
(3) the quick ratio.
Round ratios to one decimal placces.

Answers: 3

Show answers

Another question on Business

Business, 22.06.2019 06:30

If the findings and the results are not presented properly, the research completed was a waste of time and money. true false

Answers: 1

Answer

Business, 22.06.2019 10:30

On july 1, oura corp. made a sale of $ 450,000 to stratus, inc. on account. terms of the sale were 2/10, n/30. stratus makes payment on july 9. oura uses the net method when accounting for sales discounts. ignore cost of goods sold and the reduction of inventory. a. prepare all oura's journal entries. b. what net sales does oura report?

Answers: 2

Answer

Business, 22.06.2019 20:20

Amanager of a store that sells and installs spas wants to prepare a forecast for january and june of next year. her forecasts are a combination of trend and seasonality. she uses the following equation to estimate the trend component of monthly demand: ft = 30+5t, where t = 1 in january of this year. seasonal relatives are 0.60 for january and 1.50 for june. what demands should she predict for january and june of next year

Answers: 2

Answer

Business, 22.06.2019 22:00

Gyou are in charge of making the work schedule for the next two weeks. typically this is not a difficult task as you work at a routine 8am – 5pm company. however, over the next two weeks you are required to schedule someone to be in the office each saturday. after contemplating this for a few days you make the schedule and assignments. before posting the schedule for everyone you decide that it is a good idea to meet personally with the two people you have scheduled to work the weekend. what do you say to them? what is your desired outcome?

Answers: 3

Answer

You know the right answer?

The following data were taken from the balance sheet of Nilo Company at the end of two recent fiscal...

Questions