Business, 15.02.2020 01:16 ayoismeisalex
Blue Moose Home Builders’s quick ratio is , and its current ratio is ; Blue Hamster Manufacturing Inc.’s quick ratio is , and its current ratio is .
Which of the following statements are true? Check all that apply.
Blue Hamster Manufacturing Inc. has a better ability to meet its short-term liabilities than Blue Moose Home Builders
If a company’s current liabilities are increasing faster than its current assets, the company’s liquidity position is weakening.
If a company has a quick ratio of less than 1 but a current ratio of more than 1 and if the difference between the two ratios is large, then the company depends heavily on the sale of its inventory to meet its short-term obligations.
Compared to Blue Moose Home Builders, Blue Hamster Manufacturing Inc. has less liquidity and a relatively greater reliance on outside cash flow to finance its short-term obligations.
An increase in the current ratio over time always means that the company’s liquidity position is improving.
Answers: 2
Business, 21.06.2019 15:00
The boston hotel high-end linens 600-thread-count sheets coffeemaker and selected teas imported beer fresh-squeezed juices affordability food and drink double-thick bath towels silk pillowcases raw silk curtains with gold embellishments $100/night four-star rooms free snacks, shampoo, and conditioner free wireless internet
Answers: 3
Business, 22.06.2019 00:30
Adds up the money earned by producers plus taxes paid to the goverment. a) income approach b) product approach c) expenditure approach
Answers: 3
Business, 22.06.2019 07:30
Miko willingly admits that she is not an accountant by training. she is concerned that her balance sheet might not be correct. she has provided you with the following additional information. 1. the boat actually belongs to miko, not to skysong, inc.. however, because she thinks she might take customers out on the boat occasionally, she decided to list it as an asset of the company. to be consistent, she also listed as a liability of the corporation her personal loan that she took out at the bank to buy the boat. 2. the inventory was originally purchased for $27,500, but due to a surge in demand miko now thinks she could sell it for $39,600. she thought it would be best to record it at $39,600. 3. included in the accounts receivable balance is $11,000 that miko loaned to her brother 5 years ago. miko included this in the receivables of skysong, inc. so she wouldn’t forget that her brother owes her money. (b) provide a corrected balance sheet for skysong, inc.. (hint: to get the balance sheet to balance, adjust stockholders’ equity.) (list assets in order of liquidity.)
Answers: 1
Business, 22.06.2019 11:10
Sam and diane are completing their federal income taxes for the year and have identified the amounts listed here. how much can they rightfully deduct? • agi: $80,000 • medical and dental expenses: $9,000 • state income taxes: $3,500 • mortgage interest: $9,500 • charitable contributions: $1,000.
Answers: 1
Blue Moose Home Builders’s quick ratio is , and its current ratio is ; Blue Hamster Manufacturing In...
Mathematics, 08.07.2019 12:30
Biology, 08.07.2019 12:30
Social Studies, 08.07.2019 12:30
Mathematics, 08.07.2019 12:30
History, 08.07.2019 12:30
Mathematics, 08.07.2019 12:30
Mathematics, 08.07.2019 12:30
Computers and Technology, 08.07.2019 12:30
Mathematics, 08.07.2019 12:30