Author Question: Mantilli Manufacturing has current assets worth 12.5 million and current liabilities worth 5 ... (Read 296 times)

cagreen833 · **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?

tranoy · **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