Question

A firm’s total current assets are 11.8% of total assets, the current ratio is 1.8, and...

A firm’s total current assets are 11.8% of total assets, the current ratio is 1.8, and the quick ratio is 1.35. What is the firm’s inventory, in % of assets? Round to the nearest 0.1%

Business   Finance   
0 0
Add a commentTranscribed image text
Next >

Homework Answers

Answer #1

0 0
Know the answer?
Your Answer:

Post as a guest

Your Name:

What's your source?

Earn Coins

Coins can be redeemed for fabulous gifts.

Log In

Sign Up

Not the answer you're looking for?
Ask your own homework help question
Similar Questions
Current and Quick Ratios The Nelson Company has $1,363,000 in current assets and $470,000 in current...
Current and Quick Ratios The Nelson Company has $1,363,000 in current assets and $470,000 in current liabilities. Its initial inventory level is $330,000, and it will raise funds as additional notes payable and use them to increase inventory. How much can Nelson's short-term debt (notes payable) increase without pushing its current ratio below 1.8? Do not round intermediate calculations. Round your answer to the nearest dollar. $ What will be the firm's quick ratio after Nelson has raised the maximum...
Total Assets are $1,350,000; Total Current Liabilities are $250,000; the Current Ratio is 3.8. Calculate the...
Total Assets are $1,350,000; Total Current Liabilities are $250,000; the Current Ratio is 3.8. Calculate the firm's Net Fixed Assets. Round to the nearest dollar and do NOT enter a dollar sign.
eBook Problem 3-9 Current and Quick Ratios The Nelson Company has $1,687,500 in current assets and...
eBook Problem 3-9 Current and Quick Ratios The Nelson Company has $1,687,500 in current assets and $675,000 in current liabilities. Its initial inventory level is $472,500, and it will raise funds as additional notes payable and use them to increase inventory. How much can Nelson's short-term debt (notes payable) increase without pushing its current ratio below 1.8? Round your answer to the nearest cent. $   What will be the firm's quick ratio after Nelson has raised the maximum amount of...
Your firm has a current ratio of 2.5 and a quick ratio of 1.5 with current...
Your firm has a current ratio of 2.5 and a quick ratio of 1.5 with current assets of $250,000 and an inventory turnover ratio of 12. If cost of goods sold run 55% of sales for your firm and your profit margin is 6%, what is your firm’s net income?
Ace Industries has current assets equal to $3 million. The company's current ratio is 2.0, and...
Ace Industries has current assets equal to $3 million. The company's current ratio is 2.0, and its quick ratio is 1.7. What is the firm's level of current liabilities? What is the firm's level of inventories? Do not round intermediate calculations. Round your answers to the nearest dollar. Current liabilities: $    Inventories: $   
The Nelson Company has $1,530,000 in current assets and $510,000 in current liabilities. Its initial inventory...
The Nelson Company has $1,530,000 in current assets and $510,000 in current liabilities. Its initial inventory level is $355,000, and it will raise funds as additional notes payable and use them to increase inventory. How much can Nelson's short-term debt (notes payable) increase without pushing its current ratio below 1.8? Do not round intermediate calculations. Round your answer to the nearest dollar. $   What will be the firm's quick ratio after Nelson has raised the maximum amount of short-term funds?...
The Nelson Company has $1,428,000 in current assets and $510,000 in current liabilities. Its initial inventory...
The Nelson Company has $1,428,000 in current assets and $510,000 in current liabilities. Its initial inventory level is $335,000, and it will raise funds as additional notes payable and use them to increase inventory. How much can Nelson's short-term debt (notes payable) increase without pushing its current ratio below 1.8? Do not round intermediate calculations. Round your answer to the nearest dollar. $    What will be the firm's quick ratio after Nelson has raised the maximum amount of short-term funds?...
The Nelson Company has $1,428,000 in current assets and $510,000 in current liabilities. Its initial inventory...
The Nelson Company has $1,428,000 in current assets and $510,000 in current liabilities. Its initial inventory level is $340,000, and it will raise funds as additional notes payable and use them to increase inventory. How much can Nelson's short-term debt (notes payable) increase without pushing its current ratio below 1.8? Do not round intermediate calculations. Round your answer to the nearest dollar. What will be the firm's quick ratio after Nelson has raised the maximum amount of short-term funds? Do...
The Nelson Company has $1,150,000 in current assets and $460,000 in current liabilities. Its initial inventory...
The Nelson Company has $1,150,000 in current assets and $460,000 in current liabilities. Its initial inventory level is $330,000, and it will raise funds as additional notes payable and use them to increase inventory. How much can Nelson's short-term debt (notes payable) increase without pushing its current ratio below 1.8? Do not round intermediate calculations. Round your answer to the nearest dollar. $ What will be the firm's quick ratio after Nelson has raised the maximum amount of short-term funds?...
The Nelson Company has $1,455,000 in current assets and $485,000 in current liabilities. Its initial inventory...
The Nelson Company has $1,455,000 in current assets and $485,000 in current liabilities. Its initial inventory level is $355,000, and it will raise funds as additional notes payable and use them to increase inventory. How much can Nelson's short-term debt (notes payable) increase without pushing its current ratio below 1.8? Do not round intermediate calculations. Round your answer to the nearest dollar. $ __________ What will be the firm's quick ratio after Nelson has raised the maximum amount of short-term...
ADVERTISEMENT
Need Online Homework Help?

Get Answers For Free
Most questions answered within 1 hours.

Ask a Question
ADVERTISEMENT