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evandlubbep6bsvu
08.10.2020 •
Business
2019 2018 Cash and equivalents $ 90 $ 75 Accounts receivable 275 300 Inventories 375 350 Total current assets $ 740 $ 725 Net plant and equipment 2,000 1,490 Total assets $ 2,740 $ 2,215 Accounts payable $ 150 $ 85 Accruals 75 50 Notes payable 140 165 Total current liabilities $ 365 $ 300 Long-term debt 450 290 Common stock 1,225 1,225 Retained earnings 700 400 Total liabilities and equity $ 2,740 $ 2,215 Income Statements: 2019 2018 Sales $ 1,885 $ 1,425 Operating costs excluding depreciation 1,250 1,000 EBITDA $ 635 $ 425 Depreciation and amortization 100 75 EBIT $ 535 $ 350 Interest 63 46 EBT $ 472 $ 304 Taxes (25%) 118 76 Net income $ 354 $ 228 Dividends paid $ 54 $ 48 Addition to retained earnings $ 300 $ 180 Shares outstanding 100 100 Price $ 25.00 $ 22.50 WACC 10.00 % What is the firm's 2019 current ratio
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Ответ:
The firm's 2019 current ratio = 2019 Current assets/2019 Current liabilities
= $740/$365
= 2.03 : 1
Explanation:
a) Data and Calculations:
2019 2018
Cash and equivalents $ 90 $ 75
Accounts receivable 275 300
Inventories 375 350
Total current assets $ 740 $ 725
Net plant and equipment 2,000 1,490
Total assets $ 2,740 $ 2,215
Accounts payable $ 150 $ 85
Accruals 75 50
Notes payable 140 165
Total current liabilities $ 365 $ 300
Long-term debt 450 290
Common stock 1,225 1,225
Retained earnings 700 400
Total liabilities & equity $ 2,740 $ 2,215
b) The firm's current ratio is a financial ratio that shows the ability of the firm to meet its current liabilities (obligations) with its current assets. It is expressed as a relationship between the current assets and the current liabilities.
Ответ:
Sorry but what
Explanation:
I can edit and write the answer but your question is unclear