Author Question: What is the current ratio if cash is $10,000, accounts receivable are $25,000, inventories are ... (Read 54 times)

craiczarry · **on:** Apr 25, 2021

Question 1

What is a firms times interest earned if it posts revenues of $200,000, taxes of $35,000, expenses of $100,000, and interest of $30,000?
◦ 3.3 times
◦ 2.0 times
◦ 2.2 times
◦ 0.5 times
◦ 1.3 times

Question 2

What is the current ratio if cash is $10,000, accounts receivable are $25,000, inventories are $30,000, accounts payable are $40,000, and accrued payroll is $15,000?
◦ 2.00
◦ 1.18
◦ 1.13
◦ 0.64
◦ 0.73

Laurenleakan · **Reply #1 on:** Apr 25, 2021

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