User Account

All Pages

Compute the working capital the current ratio and the quick

Assignment Help Accounting Basics
Reference no: EM13615531

Date pertaining to the current position of Sprice Pine MedicalCompany are as follows:

Cash                                               384,000

Marketsecurities                                176,000

Accounts and notes receivable(net)      608,000

Inventories                                       792,000

Prepaidexpenses                                48,000

Accountspayable                               624,000

Notes payable(short-term)                   240,000

Accruedexpenses                               80,000

Compute (a) the working capital,(b) the current ratio, and (c)the quick ratio. Round to one decimal place. list the following captions:

transactions workingcapital currentratio quick ratio Compute the working capital, the current ratio and the quickratio after each of the following transactions and record theresult in the appropriate column. Consider each transactionseperately and assume that only, that transaction affects the datagiven above.

Reference no: EM13615531

Questions Cloud

Garcia orchards amp processing company has been taking : garcia orchards amp processing company has been taking bidsfor three new tractors. goldbaum equipment has made an offer
To verify this we selected nine of these cars and each car : a car commercial advertises that a certain brand of car averaged at least 33 miles per gallon of gasoline. to verify
Draw the tree for oranges decision problem and determine : the management of orange computers was considering launching a new product called whopper101. the problem was that if a
Compare the price of the bonds sold by ethan to bonds : ethan jones is an investment broker. recently he contactedpotential investors and offered to sell them bonds that were
Compute the working capital the current ratio and the quick : date pertaining to the current position of sprice pine medicalcompany are as
It is estimated that the arrival rate to the drink stand : it is estimated that the arrival rate to the drink stand during a typical peak hour on a peak day will be 100 customers
For january february and march prepare aschedule of monthly : juans taco company has restaurants infive college towns. juan wants to expand into austin and college station andneeds
System development overview hi i need your help in : hi i need your help in completing my assignment. could you guys please help me out. there is a case study in the first
Homework 555 to guide you in your research you will be : to guide you in your research you will be answering various questions on can. you should answer each question fully.

Reviews

Write a Review

Accounting Basics Questions & Answers

  Hartman co has fixed costs of 30000 and a contribution

hartman co. has fixed costs of 30000 and a contribution margin ratio of 25. if expected sales are 200000 what is the

  Under the perpetual inventory system the cost of

1.a company had sales of 699000 and cost of goods sold of 280000. its gross profit

  Discuss why there is a demand for auditing services in a

1. why is studying auditing different from studying other accounting topics?2. how might understanding auditing

  Apple do to improve its cash position and why

Go to http://finance.yahoo.com. Enter in "AAPL" and click on the "get quote" button, and it will bring up information on Apple.

  Bond amortization schedules on january 1 2013 joshua

bond amortization schedules on january 1 2013 joshua jackson company issued 12 100000 face value bonds for 103545.91 a

  When a dividend is declared the accounts debited and

q1 when a dividend is declared the accounts debited and credited area. dividend and divdend payable.b. dividend payable

  Truman company started the accounting period with the

truman company started the accounting period with the following beginning balancesraw materials 32000 work in process

  Calculate the total number of frames that icu optical needs

calculate the total number of frames that icu optical needs to produce and sell to break even if budgeted direct

  Mosley manufactures a product that requires 2 pounds of

mosley manufactures a product that requires 2 pounds of direct material. in 2010 mosley purchases 24000 pounds of

  Kahn company is a merchandiser that reported net income of

kahn company is a merchandiser that reported net income of 90000. additional information follows decrease in accounts

  Compute mri amounts for each of the above four taxes

MRI Company has one employee. FICA Social Security taxes are 6.2% of the first $106,800 paid to its employee, and FICA Medicare taxes are 1.45% of gross pay. For MRI, its FUTA taxes are 0.8% and SUTA taxes are 2.9% of the first $7,000 paid to its ..

  Assume that all sales are made on a credit basis that the

search for avon products inc. access the 10-k filing for the most recent fiscal year. search or scroll to find the

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!

Submit Assignment

Academics

Major Subjects

Majors

Get In Touch

whatsapp: +1-415-670-9521

Phone: +1-415-670-9521

Email: [email protected]

TERMS & POLICIES

HELP & SUPPORT

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd