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Author Question: Find the acid-test ratio for Milton's business if the balance sheet shows the following amounts: ... (Read 220 times)

Bernana

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  • Posts: 530
on: Feb 26, 2020

Question 1

Henry's BBQ reported net sales of $294,818 and had average total assets of $162,164. Find its asset turnover ratio. Round to two decimal places.
◦ 0.55 to 1
◦ 0.82 to 1
◦ 1.82 to 1
◦ 0.45 to 1

Question 2

Find the acid-test ratio for Milton's business if the balance sheet shows the following amounts: cash, ; receivables $11,393; marketable securities, $0; current liabilities $23,150. Round to two decimal places.
◦ 1.02 to 1
◦ 2.01 to 1
◦ 1.03 to 1
◦ 3.08 to 1
Business Math ¦ Cleaves, Hobbs, Noble ¦ 11th Edition
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Marked as best answer by Bernana on Feb 26, 2020

tdewitt

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Reply #1 on: Feb 26, 2020
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
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Bernana

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Reply 2 on: Feb 26, 2020
Thanks for the timely response, appreciate it

mochi09

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Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

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