The following items are reported on a company's financial statements for 2015 and 2016:
($ in Thousands) 2015 2016
Cash $290 $300
Short-term investments 100 100
Receivables (net) 160 200
Inventory 140 160
Accounts payable 350 400
Sales 1740 1800
Cost of goods sold 1120 1200
Determine the following measures for 2016:
a. Current ratio
b. Accounts receivable turnover
c. Quick ratio
d. Inventory turnover
Answers: 1
Business, 21.06.2019 14:00, marlesly87
Before downloading a new app on your phone, you need to pay attention to
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Business, 22.06.2019 03:10, jaquisjones68
Transactions that affect earnings do not necessarily affect cash. identify the effect, if any, that each of the following transactions would have upon cash and net income. the first transaction has been completed as an example. (if an amount reduces the account balance then enter with negative sign preceding the number e. g. -15,000 or parentheses e. g. (15, cash net income (a) purchased $120 of supplies for cash. –$120 $0 (b) recorded an adjustment to record use of $35 of the above supplies. (c) made sales of $1,370, all on account. (d) received $700 from customers in payment of their accounts. (e) purchased equipment for cash, $2,450. (f) recorded depreciation of building for period used, $740. click if you would like to show work for this question: open show work
Answers: 3
Business, 22.06.2019 06:30, hannahroswall1
Ummit record company is negotiating with two banks for a $157,000 loan. fidelity bank requires a compensating balance of 24 percent, discounts the loan, and wants to be paid back in four quarterly payments. southwest bank requires a compensating balance of 12 percent, does not discount the loan, but wants to be paid back in 12 monthly installments. the stated rate for both banks is 9 percent. compensating balances will be subtracted from the $157,000 in determining the available funds in part a. a-1. calculate the effective interest rate for fidelity bank and southwest bank. (do not round intermediate calculations. input your answers as a percent rounded to 2 decimal places.) a-2. which loan should summit accept? southwest bank fidelity bank b. recompute the effective cost of interest, assuming that summit ordinarily maintains $37,680 at each bank in deposits that will serve as compensating balances
Answers: 1
The following items are reported on a company's financial statements for 2015 and 2016:
($ in Thous...
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