Entries by Hannah Wangui

working capital ratio, current ratio, quick ratio, debt ratio, equity ratio, and debt to equity ratio.

September 3, 2019 in /by

Question Assuming:  Cash=$14,870; accounts receivable=$22,108; prepaids=$3,010; supplies=$927; equipment=$62,150; accumulated depreciation=$13,750; accounts payable=$28,000. Calculate the following (rounded to two decimal points): working capital ratio, current ratio, quick ratio, debt ratio, equity ratio, and debt to equity ratio.   Looking for a Similar Assignment? Order now and Get 10% Discount! Use Coupon Code “Newclient”

 

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Net income

September 3, 2019 in /by

Question How do I calculate Net income from the following information?  I would appreciate step by step guidance as to what I use and what I don’t need to reach Net Income and what the Net Income is. Cash                                                    14,870 Accounts Receivable                         22,180 Prepaid                                                 3,010 Supplies                                             […]

 

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equity ratio

September 3, 2019 in /by

Question Have I answered this question correctly? If not what is the correct answer and why.Calculate the equity ratio based on the following information: cash = $14,870; accounts receivable = $22,108; prepaid $3,010; supplies = $927; equipment = $62,150; accumulated depreciation = 13,750; accounts payable = 28,000. Round to two decimal places. The Answer is: […]

 

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sales forecasts

September 3, 2019 in /by

Question ABC company has sales forecasts of the following: January = $40,000; February = $65,000; March = $52,850.  All sales are on account and are collected as follows: 20% in the current month, 50% in the month following, 25% in the second month following, and 5% uncollectible.  What are the cash receipts for March?   […]

 

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