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

Author Question: The 2020 and 2021 partial balance sheets for Ottoman Industries are shown below:20202021Current ... (Read 7 times)

olsonmanny@gmail.com

  • Full Member
  • ***
  • Posts: 141
on: Feb 5, 2023
The 2020 and 2021 partial balance sheets for Ottoman Industries are shown below:

​​20202021
Current assets​​
  Cash and cash equivalents$  16,000$  14,000
  Accounts receivable, net20,00024,000
  Inventory25,00023,000
  Marketable equity securities     5,000     5,000
Total current assets66,00066,000
Plant & equipment, net   60,000   40,000
Total assets$126,000$106,000
​​​
Current liabilities$   20,000$   30,000
Noncurrent liabilities   60,000   40,000
Total liabilities80,00070,000
Total stockholders' equity   46,000   36,000
Total liabilities and stockholders' equity$126,000$106,000

Calculate the 2021 acid-test ratio.
◦ 1.27
◦ 2.20
◦ 1.51
◦ 1.43
Managerial Accounting ¦ Davis ¦ 4th Edition
Buy Test-Bank


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by olsonmanny@gmail.com on Feb 5, 2023

katrey9207

  • Full Member
  • ***
  • Posts: 139
Reply #1 on: Feb 5, 2023
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 29% of students answer this correctly


olsonmanny@gmail.com

  • Member
  • Posts: 141
Reply 2 on: Feb 5, 2023
Thanks for the timely response, appreciate it

aliotak

  • Member
  • Posts: 326
Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

« previous next »
 

Did you know?

The modern decimal position system was the invention of the Hindus (around 800 AD), involving the placing of numerals to indicate their value (units, tens, hundreds, and so on).

Did you know?

The senior population grows every year. Seniors older than 65 years of age now comprise more than 13% of the total population. However, women outlive men. In the 85-and-over age group, there are only 45 men to every 100 women.

Did you know?

Colchicine is a highly poisonous alkaloid originally extracted from a type of saffron plant that is used mainly to treat gout.

Did you know?

Human stomach acid is strong enough to dissolve small pieces of metal such as razor blades or staples.

Did you know?

There are approximately 3 million unintended pregnancies in the United States each year.

Salt and water balance in water-breathers. Salt and water balance in water-breathers.
Cryptorchidism. (a) In complete cryptorchidism, the testes of a newborn have failed to descend into Cryptorchidism. (a) In complete cryptorchidism, the testes of a newborn have failed to descend into
Results are shown for proteins denatured by two different environmental changes Results are shown for proteins denatured by two different environmental changes
Dermatological changes with myxedema can occur behind the eyes or in the lower leg, as shown here. Dermatological changes with myxedema can occur behind the eyes or in the lower leg, as shown here.
A CNG storage tank from a Honda Civic GX shown with the fixture used to support it while it is being ... A CNG storage tank from a Honda Civic GX shown with the fixture used to support it while it is being ...
Wrap the client securely with sheets. (A) Lay one side of the sheet over the body. (B) Enclose the ... Wrap the client securely with sheets. (A) Lay one side of the sheet over the body. (B) Enclose the ...
Video: Miller's reaction chamber experiment Animation

For a complete list of videos, visit our video library