This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: Find the acid-test ratio for Milton's business if the balance sheet shows the following amounts: ... (Read 149 times)

Bernana

  • Hero Member
  • *****
  • 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
Buy Test-Bank


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by Bernana on Feb 26, 2020

tdewitt

  • Sr. Member
  • ****
  • Posts: 318
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.
Answer Preview
Only 49% of students answer this correctly


Bernana

  • Member
  • Posts: 530
Reply 2 on: Feb 26, 2020
Wow, this really help

robbielu01

  • Member
  • Posts: 336
Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

« previous next »
 

Did you know?

The B-complex vitamins and vitamin C are not stored in the body and must be replaced each day.

Did you know?

IgA antibodies protect body surfaces exposed to outside foreign substances. IgG antibodies are found in all body fluids. IgM antibodies are the first type of antibody made in response to an infection. IgE antibody levels are often high in people with allergies. IgD antibodies are found in tissues lining the abdomen and chest.

Did you know?

The Babylonians wrote numbers in a system that used 60 as the base value rather than the number 10. They did not have a symbol for "zero."

Did you know?

The average person is easily confused by the terms pharmaceutics and pharmacology, thinking they are one and the same. Whereas pharmaceutics is the science of preparing and dispensing drugs (otherwise known as the science of pharmacy), pharmacology is the study of medications.

Did you know?

The lipid bilayer is made of phospholipids. They are arranged in a double layer because one of their ends is attracted to water while the other is repelled by water.

How to find an angle in radians degrees for any given reciprocal trigonometric function How to find an angle in radians degrees for any given reciprocal trigonometric function
How to find the derivatives of exponential functions How to find the derivatives of exponential functions
How to find the equation of a line that is perpendicular to a line passing through a point How to find the equation of a line that is perpendicular to a line passing through a point
The Romberg test for balance The Romberg test for balance
Romberg test Romberg test
An acetic acid solution is 6.00 M and has a density of 1.04 g/mL. What is the ma An acetic acid solution is 6.00 M and has a density of 1.04 g/mL. What is the ma
Video: Cell mediated immune response to a viral infection Animation

For a complete list of videos, visit our video library