davidgritz2006
12.06.2020 •
Business
Current Position Analysis The following data were taken from the balance sheet of Nilo Company at the end of two recent fiscal years: Current Year Previous Year Current assets: Cash $426,400 $319,200 Marketable securities 493,700 359,100 Accounts and notes receivable (net) 201,900 119,700 Inventories 958,300 625,900 Prepaid expenses 493,700 400,100 Total current assets $2,574,000 $1,824,000 Current liabilities: Accounts and notes payable (short-term) $382,800 $399,000 Accrued liabilities 277,200 171,000 Total current liabilities $660,000 $570,000 a. Determine for each year (1) the working capital, (2) the current ratio, and (3) the quick ratio. Round ratios to one decimal place. Current Year Previous Year 1. Working capital $ $ 2. Current ratio 3. Quick ratio b. The liquidity of Nilo has from the preceding year to the current year. The working capital, current ratio, and quick ratio have all . Most of these changes are the result of an in current assets relative to current liabilities.
Solved
Show answers
More tips
- F Family and Home How to Keep Your Home Warm: Tips and Tricks...
- D Dating, Love, Relationships Does a Person s Character Depend on the Color of Their Eyes?...
- O Other Childhood Fears: What Many of Us Experienced...
- H Health and Medicine Simple and Effective: How to Get Rid of Cracked Heels...
- O Other How to Choose the Best Answer to Your Question on The Grand Question ?...
- L Leisure and Entertainment History of International Women s Day: When Did the Celebration of March 8th Begin?...
- S Style and Beauty Intimate Haircut: The Reasons, Popularity, and Risks...
- A Art and Culture When Will Eurovision 2011 Take Place?...
- S Style and Beauty How to Choose the Perfect Hair Straightener?...
- F Family and Home Why Having Pets at Home is Good for Your Health...
Answers on questions: Business
- B Business What percentage of the market does the automobile industry control?...
- B Business Exercise 7-6 percent of sales method; write-off lo p3 at year-end (december 31), chan company estimates its bad debts as 0.70% of its annual credit sales of $641,000....
- M Mathematics Anyone good at math I will pay $10 a test for someone to take my tests in mymathlab Mathlab also lets you pause the test and go look at the problems for help and you...
- P Physics Why are force fields used to describe magnetic force? o a. magnetic force acts between two objects that are not touching. o b. magnetic force is a form of gravity. o...
- M Mathematics Cami buys 4 pounds of ground beef for $22. The total cost in dollars, y, is proportional to the number of pounds purchased, x pounds ground beef y=what. ...
Ответ:
Graph the inequality by finding the boundary line, then shading the appropriate area.
y
≤
3
x
−
2
Step-by-step explanation: