Already have an account? Get multiple benefits of using own account!
Login in your account..!
Remember me
Don't have an account? Create your account in less than a minutes,
Forgot password? how can I recover my password now!
Enter right registered email to receive password!
The current assets and current liabilities for Apple Computer, Inc., and Dell Inc. are shown as follows at the end of a recent fiscal period:
Apple Computer, Inc.
Dell Inc.
(In millions)
Sept. 24, 2005
Feb. 3, 2006
Current assets:
Cash and cash equivalents
$ 3,491
$ 7,042
Short-term investments
4,770
2,016
Accounts receivable
895
4,089
Inventories
165
576
Other current assets*
979
3,983
Total current assets
$10,300
$17,706
Current liabilities:
Accounts payable
$ 1,779
$ 9,840
Accrued and other current liabilities
1,705
6,087
Total current liabilities
$ 3,484
$15,927
*These represent prepaid expense and other nonquick current assets.
a. Determine the quick ratio for both companies.
b. Interpret the quick ratio difference between the two companies.
the xtra appliance manufacturing corporation manufactures two vacuum cleaners the super and the standard. the
Purpose the journal entry at May 31, 2008, to record the sale of the bonds. and the journal entry at September 30, 2008, to record the semiannual bond interest payment.
Debit entry for each of them separately and then make one credit entry in the total amount to the Income Summary account.
Quadrado uses the LIFO method to account for inventory costs. Determine cost of goods sold amounts to record dor the three months ending September 30,2011.
Prepare a contribution format income statement showing the net operating income each year from production and sale of the crazy bread and compute the simple rate of return for the new oven and equipment. (Round your answer to 1 decimal place.
Determine the best sales mix. Rank the services offered in order of their profitability and what would be the daily total contribution margin generated by Ortiz?
Explain and discuss their theorem along with a critique of the advantages and disadvantages of the theorem.
Prepare the income statement, statement of retained earnings, and balance sheet and Calculate the ratios: current ratio, quick ratio, debt ratio, accounts receivable turnover, and inventory turnover.
Make the journal entries necessary to record the transactions above using appropriate dates
A company with an annual accounting year ending on December 31 issued bonds on January 1 in the amount of $500,000 maturing in 10 years with interest payable each June 30 and December 31 at a 6% annual rate.
Evaluate the asset turnover ratio for Sunside Villas for 2007 and evaluate the average age of Sunside Villas' property, plant, and equipment.
Critically evaluate short term liquidity using the ratios - Discuss the ratio results and not calculate
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!
whatsapp: +1-415-670-9521
Phone: +1-415-670-9521
Email: [email protected]
All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd