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Author Question: Mantilli Manufacturing has current assets worth 12.5 million and current liabilities worth 5 ... (Read 301 times)

cagreen833

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on: Jun 24, 2018
Mantilli Manufacturing has current assets worth 12.5 million and current liabilities worth 5 million. What is the current ratio?

Question 2

Mrs. Hersh owns a bakery. The gross sales for the year were 162,000. There was 670 in returned merchandise and 4,860 in sales discounts. What are the net sales for the bakery?


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tranoy

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Reply #1 on: Jun 24, 2018
Answer to Question 1

2.5:1;
12.5 million = 12,500,000
5 million = 5,000,000
12,500,000  5,000,000 = 2.5
The current ratio is 2.5:1.

Answer to Question 2

156,470;
162,000 - 670 - 4,860 = 156,470


cagreen833

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Reply 2 on: Jun 24, 2018
Great answer, keep it coming :)

dyrone

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Reply 3 on: Yesterday
Excellent

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