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The current asset section of Stibbe Pharmaceutical Company’s balance sheet included cash of $20,000 and accounts receivable of $40,000. The only other current asset is inventories. The company’s current ratio is 2.0 and its acid-test ratio is 1.5. Determine the ending balance in inventories and...
I know the formula for both ratios. Current Ratio = current assets/current liabilities Acid-Test Ratio = (Cash Short-Term Investments Current Receivables)/Current Liabilities ... but I don't know what numbers to use for these. The numbers I have for my general journal are... DEBITS
A company's had a quick ratio of 1.4, a current ratio of 3.0, an inventory turnover of 6 times, total current assets of $675,000, and cash and marketable securities of $100.000 in 2007. What were the company's annual sales and its ACP for that year?
Hi, I have a problem which is as follows; Contracts with lenders, such as bonds typically place restrictions on the financial statement ratios. Two commonly used ratios are the current ratio and the debt-to-equity ratio. Why is it that these appear as restrictions, that is, do they protect the...
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