Current liabilities Rs. 40,000; Current assets Rs. 1,00,000; Inventory Rs. 20,000. Quick ratio is ?? (a) 1:1 ( b) 2.5:1 (c) 2:1 (d) 1:2
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- Compute the Quick ratio if Current Assets: 10.354; Current Liabilities: 6.615; Inventory: 5.767; Cash: 1.013. a) 0.69 times b) 0.75 times c) 0.72 times d) 0.15 timesCompute the Quick ratio if Current Assets: 11.436; Current Liabilities: 5.414; Inventory: 4.456; Cash: 2.024.If current assets are $112,000 and current liabilities are $56,000, what is the current ratio?A. 200 percentB. 50 percentC. 2.0D. $50,000
- V. Direction: Solve the following problems using financial ratios. Write the answer on the blank. 1. Current assets is P20,000, current liabilities is P30,000. What is the current ratio? 2. Inventory is P15,000; Accounts Payable is P45,000. Cash and accounts receivable total P8,000. What is the current ratio? What is the quick ratio? 3. If current ratio is 1.5, what is the total accounts receivable if cash is P220,000, inventory is P75,000, and accounts payable is P330,000? 4. Cash is 30% of total current assets. If current ratio is 2.5, what is the new current ratio if total non- cash current assets grow by 50%? 5. The total asset is P1,500,000. Sales is P4,500,000. What is the asset turnover? 6. Accounts receivable turnover is 8. What is the average collection period assuming annual data What is the average collection period if quarterly data are used? are used? 7. Sales for the year amount to P3,000,000, Accounts receivable is P360,000. What is the average collection period assuming…1. If current assets amounted to P600,000 and current liabilities amounted to P200,000, what is the current ratio of the entity? *a. P800,000b. P400,000c. 3d. 1/3 3. If net sales is P200,000 and the average accounts receivable is P50,000, what is the accounts receivable turnover ratio? *a. 4b. 1/4c. P150,000d. P250,000 5. If total assets amounted to P800,000 and total liabilities amounted to P200,000, what is the debt to equity ratio? *a. 4b. 0.3333c. 0.25d. 3Q. Calculate the current assets and current liabilities from the data given below. Current ratio. 1.8 Quick ratio. 1.2 Inventory turnover ( on c.g.s). 12 Gross profit rate. 25% Credit period. 1month Working capital. 640000
- Hummel Inc. has $30,000 in current assets and $15,000 in current liabilities. What is Hummels current ratio? a. 3 c. 1 b. 2 d. 0.5Assume XYZ total assets $1,000,000 and net fixed $600,000. But current liabilities $200,000. Calculate the company current ratio? a. 4x O b. 2x c. 1.5x d. 3x1. Suppose that the equity multiplier is -2,8. Asset turnover is 2. Long-term liabilities are 400 TL. Current ratio 1,5. Non-current assets are 100 TL. What will be the net sales amount? a. 482,76 TL b.637,93 TL c.965,52 TL d.1.120,69 TL
- Find the following using the data bellow Accounts receivable = 111,100,000 Current assets = 316,500,000 Total assets = 600,000,000 A. Return on assets B. Common equity C .Quick ratioIf current assets are 112,000 and current liabilities are 56,000.00 what is the current ratio?Required: 1. Express all of the asset, liability, and sales data in trend percentages. Use Year 1 as the base year. (Round your percentage answers to 1 decimal place (i.e., 0.1234 should be entered as 12.3).) Sales Current assets: Cash Accounts receivable, net Inventory Total current assets Current liabilities Year 1 % % % % % % Year 2 % % % % % % Year 3 % % % % % % Year 4 % % % % % Year 5 % % % % %