The balance sheet for Shaver Corporation reported the following:
cash, $12,500; short-term investments, $17,500; net accounts...
The balance sheet for Shaver Corporation reported the following:
cash, $12,500; short-term investments, $17,500; net accounts
receivable, $50,000; inventories, $55,000; prepaids, $17,500;
equipment, $103,000; current liabilities, $55,000; notes payable
(long-term), $85,000; total stockholders’ equity, $115,500; net
income, $4,820; interest expense, $7,400; income before income
taxes, $9,780. Compute Shaver’s debt-to-assets ratio and times
interest earned ratio.
At the end of 2015, Apple had cash and short-term investments
of $41.77 billion, accounts receivable...
At the end of 2015, Apple had cash and short-term investments
of $41.77 billion, accounts receivable of $35.79 billion, current
assets of $89.87 billion, and current liabilities of $80.89
billion.
a. What was Apple's current ratio?
b. What was Apple's quick ratio?
c. What was Apple's cash ratio?
d. At the end of 2015, HPQ had a cash ratio of 0.44, a quick
ratio of 0.79 and a current ratio of 1.11. What can you say about
the asset liquidity...
Balance sheet
December 31
Assets 2007 2006
Cash $25,000 $40,000
Short term investments 15,000 60,000
Accounts...
Balance sheet
December 31
Assets 2007 2006
Cash $25,000 $40,000
Short term investments 15,000 60,000
Accounts receivable 50,000 30,000
Inventory 50,000 70,000
Property, plant and equipment (net) 160,000 200,000
Total assets $300,000 $400,000
Liabilities and stockholders equity
Accounts payable $20,000 $30,000
Short term notes payable 40,000 90,000
Bonds payable 80,000 160,000
Common stock 60,000 45,000
Retained earnings 100,000 75,000
Total liabilities and stockholders equity $300,000 $400,000
Income statement (for the year ended December 31, 2007)
Net sales $360,000
Cost...
Balance sheet
December 31
Assets 2007 2006
Cash $25,000 $40,000
Short term investments 15,000 60,000
Accounts...
Balance sheet
December 31
Assets 2007 2006
Cash $25,000 $40,000
Short term investments 15,000 60,000
Accounts receivable 50,000 30,000
Inventory 50,000 70,000
Property, plant and equipment (net) 160,000 200,000
Total assets $300,000 $400,000
Liabilities and stockholders equity
Accounts payable $20,000 $30,000
Short term notes payable 40,000 90,000
Bonds payable 80,000 160,000
Common stock 60,000 45,000
Retained earnings 100,000 75,000
Total liabilities and stockholders equity $300,000 $400,000
Income statement (for the year ended December 31, 2007)
Net sales $360,000
Cost...
2018
2017
Cash
$60,000
$55,000
Short-term Investments
28,000
0
Net Accounts Receivables
116,000
116,000
Merchandise Inventory...
2018
2017
Cash
$60,000
$55,000
Short-term Investments
28,000
0
Net Accounts Receivables
116,000
116,000
Merchandise Inventory
257,000
267,000
Total Assets
510,000
580,000
Total Current Liabilities
275,000
222,000
Long-term Note Payable
48,000
60,000
Income from Operations
170,000
183,000
Interest Expense
44,000
45,000
Compute the current ratios for
2018 and 2017.
(Round your answers to two decimal places, X.XX.)
2018:
2017:
Compute the cash ratios for
2018 and 2017.
(Round your answers to two decimal places, X.XX.)
2018:
2017:
Compute the...