Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. finance
  3. as of 12/31/19 assets: liabilities and equity: cas

As of 12/31/19 Assets: Liabilities and Equity: Cash and marketable securities $28,162 Accounts payable and...

80.2K

Verified Solution

Question

Finance

imageimage

As of 12/31/19 Assets: Liabilities and Equity: Cash and marketable securities $28,162 Accounts payable and accruals $152,603 Accounts receivable $142,281 Short-term notes payable $22,937 Inventory $212,830 Total current liabilities $175,540 Total current assets $383,273 Long term debt $155,510 $603,692 Total liabilities $331,050 Net plant and equipment Goodwill and other assets $42,422 Common stock $314,498 Retained earnings $383,839 Total assets $1,029,387 Total liabilities and equity $1,029,387 In addition, it was reported that the firm had a net income of: $158,487 and net sales of: $4,315,929 Calculate the following ratios for this form (Use 365 days for calculation. Round answers to 2 decimal places, e.g. 52.75.): Current Ratio times Quick Ratio times Average Collection Period days Total Asset Turnover times Fixed Asset Turnover times

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

Program in C: The strncpy(s1,s2,n) function copies exactly n characters from s2 to s1, truncating s2 or...

Programming
Q

What is the pH of a 0.5 M solution of NaHCO3? Kb = 2.4x10-8, hint this is a...

Chemistry
Q

4 In Young s double slit experiment the separation between the slits is halved and...

Physics
Q

Department R had 4 800 units in work in process that were 78 completed as...

Basic Math
Q

Audit Procedures: Audit procedures are the specific tasks and techniques performed by auditors to...

Accounting
Q

Selected data from Rundle Company follow: Required a. Compute the accounts...

Accounting
Q

Prepare the "Cash flows from (used for) operating activities" section of the statement of cash...

Accounting
Q

The production budget cannot be prepared until the direct materfals and direct labor budgets are...

Accounting
Q

GIVE ME THE ANSWER AND TELL ME WHY I0. Central Company sold gods for...

Accounting
Q

Bill's Wrecker Service has just completed a minor repair on a tow truck. The repair...

Accounting
Q

Question 2 At the most recent balance sheet date, Nike's estimate of uncollectible accounts receivable...

Accounting
Q

A machine that produces cellphone components is purchased on January 1,2024 for $147,000. It is...

Accounting