Andy Inchas $15,000 in Cash,$38,000 in Current Receivables,$18,000 in Inventories,$4,000 in in Prepaid
Multiple Choice
Andy Inc.has $15,000 in cash,$38,000 in current receivables,$18,000 in inventories,$4,000 in prepaid expenses and $40,000 in current liabilities.The company's current ratio is closest to:
A) 0.95 to 1.
B) 1.33 to 1.
C) 1.43 to 1.
D) 1.88 to 1.
Correct Answer:
Verified
Correct Answer:
Verified
Q19: Reference: 13-02<br>Financial statements for Larned Company
Q89: When computing the return on total assets,
Q125: Calculate the gross margin percentage for 20
Q126: An increase in the market price of
Q127: Comparative financial statements for Springville Company for
Q129: The following data have been taken from
Q131: Information concerning the common stock of Morris
Q132: Jimbob Co.is considering ways to finance a
Q134: Larosa Company's price-earnings ratio on December 31,20
Q135: Perlman Company had 100,000 shares of common