Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. answers 3, 4 & 5 which option is...

answers 3, 4 & 5 Which option is...

50.1K

Verified Solution

Question

Accounting

answers 3, 4 & 5
image
image
image
Which option is an efficiency ratio? Select an answer: total asset turnover ratio debt-to-equity ratio What would a current ratio of 6:1 mean for most industries? Select an answer: The business is not liquid, and one should be concerned about the business' ability to pay the current liabilities. There are excess current assets that could be invested for a greater return elsewhere. There is not enough information to assess this ratio. The business is liquid and should continue to manage their current assets as they have been. A sale is made for $100:$80 is for the product, and $20 is for the right to return the product. How much revenue is recognized at the time of the sale, assuming the product has been transferred to the customer? Select an

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Q

Assume that a simple random sample has been selected from a normally distributed population and test...

Statistics
Q

You have just been hired as the new EHS Manager at FunStuff Inc. FunStuff Incorporated manufactures...

Operations Management
Q

Describe the following briefly: What detrimental and beneficial effects can bacteria have on humans? Bacteria evolutionary adaptations to...

Biology
Q

The most parsimonious phylogenetic tree is the one with the most descendents the fewest branches...

Biology
Q

Alice s backyard is a rectangular piece of property that is twice as long as...

Calculus
Q

Find the producers surplus at a price level of p 58 for the price supply...

Calculus
Q

Let f x 3x 4 and let g x x 4x 1 then f p...

Algebra
Q

The D O T collected data for a particular stretch of 1 85 and found...

Algebra
Q

On January 1, a company purchased a machine for $ 350,000. The machine's useful life...

Accounting
Q

For the calendar year 2019, Sanchez Inc. had the following items that affected the accounts...

Accounting
Q

A preferred stock is currently selling for $68 a share. What must be the dividend...

Accounting
Q

Prepare the Statement of Financial Position and the Statement of Total comprehensive income for year...

Accounting