Question

Please identify some of the categories of current assets typically detailed on a firm's balance sheet....

Please identify some of the categories of current assets typically detailed on a firm's balance sheet. Why would an increase in current assets decrease the firm's profitability? Your continuing ideas and opinion.

Homework Answers

Know the answer?
Your Answer:

Post as a guest

Your Name:

What's your source?

Earn Coins

Coins can be redeemed for fabulous gifts.

Not the answer you're looking for?
Ask your own homework help question
Similar Questions
BALANCE SHEET The assets of Dallas & Associates consist entirely of current assets and net plant...
BALANCE SHEET The assets of Dallas & Associates consist entirely of current assets and net plant and equipment. The firm has total assets of $2.9 million and net plant and equipment equals $2.4 million. It has notes payable of $150,000, long-term debt of $752,000, and total common equity of $1.45 million. The firm does have accounts payable and accruals on its balance sheet. The firm only finances with debt and common equity, so it has no preferred stock on its...
BALANCE SHEET The assets of Dallas & Associates consist entirely of current assets and net plant...
BALANCE SHEET The assets of Dallas & Associates consist entirely of current assets and net plant and equipment. The firm has total assets of $2.6 million and net plant and equipment equals $2.1 million. It has notes payable of $140,000, long-term debt of $746,000, and total common equity of $1.55 million. The firm does have accounts payable and accruals on its balance sheet. The firm only finances with debt and common equity, so it has no preferred stock on its...
BALANCE SHEET The assets of Dallas & Associates consist entirely of current assets and net plant...
BALANCE SHEET The assets of Dallas & Associates consist entirely of current assets and net plant and equipment. The firm has total assets of $2.6 million and net plant and equipment equals $2.2 million. It has notes payable of $155,000, long-term debt of $749,000, and total common equity of $1.55 million. The firm does have accounts payable and accruals on its balance sheet. The firm only finances with debt and common equity, so it has no preferred stock on its...
BALANCE SHEET The assets of Dallas & Associates consist entirely of current assets and net plant...
BALANCE SHEET The assets of Dallas & Associates consist entirely of current assets and net plant and equipment. The firm has total assets of $3.5 million and net plant and equipment equals $2.5 million. It has notes payable of $250,000, long-term debt of $1,050,000, and total common equity of $2 million. The firm does have accounts payable and accruals on its balance sheet. The firm only finances with debt and common equity, so it has no preferred stock on its...
What order are current assets listed on the balance sheet and why is that important for...
What order are current assets listed on the balance sheet and why is that important for us to understand?
The bank balance sheet below lists the categories of assets and liabilities, along with the total...
The bank balance sheet below lists the categories of assets and liabilities, along with the total amount of each category, and the amount in each category that is "interest rate sensitive" or repriced within one year. Calculate the existing Dollar Gap for the bank. Next, calculate the effect (change) on this bank's Net Interest Income if interest rates fall or decrease by 0.50 percentage points or 50 bp. "%" denotes either the current interest rate earned earned or paid on...
The bank balance sheet below lists the categories of assets and liabilities, along with the total...
The bank balance sheet below lists the categories of assets and liabilities, along with the total amount of each category, and the amount in each category that is "interest rate sensitive" or repriced within one year. Calculate the existing Dollar Gap for the bank. Next, calculate the effect (change) on this bank's Net Interest Income if interest rates fall or decrease by 1 percentage point or 100 bp. "%" denotes either the current interest rate earned earned or paid on...
Balance Sheet Current assets Cash 910,000 Acc receivable not given Inventories 1,050,000 Fixed assets 3,710,000 TOTAL...
Balance Sheet Current assets Cash 910,000 Acc receivable not given Inventories 1,050,000 Fixed assets 3,710,000 TOTAL ASSETS 7,000,000 Current liabilities Acc payable not given Long-term debt 3,500,000 Common stock 560,000 Retained earnings 2,470,000 TOTAL LIAB and EQUITY 7,000,000 Income Statement Sales 14,000,000 Operating expense 11,200,000 EBIT 2,800,000 Interest expense 490,000 EBT 2,310,000 Taxes 924,000 Net income 1,386,000 What is the firm's debt ratio? A.56.71% B.50.00% C.43.29% D.93.29% E.92.00% please help
Balance Sheet Current assets Cash 1,100,000 Acc receivable not given Inventories 1,390,000 Fixed assets 4,160,000 TOTAL...
Balance Sheet Current assets Cash 1,100,000 Acc receivable not given Inventories 1,390,000 Fixed assets 4,160,000 TOTAL ASSETS 7,300,000 Current liabilities Acc payable not given Long-term debt 2,200,000 Common stock 800,000 Retained earnings 3,100,000 TOTAL LIAB and EQUITY 7,300,000 Income Statement Sales 14,600,000 Operating expense 12,410,000 EBIT 2,190,000 Interest expense 242,000 EBT 1,948,000 Taxes 779,000 Net income 1,169,000 What is the firm's quick ratio? What is the firm's quick ratio? A.0.92 B.2.62 C.2.08 D.0.51 E.1.46
Balance Sheet Current assets Cash 1,010,000 Acc receivable not given Inventories 1,150,000 Fixed assets 4,100,000 TOTAL...
Balance Sheet Current assets Cash 1,010,000 Acc receivable not given Inventories 1,150,000 Fixed assets 4,100,000 TOTAL ASSETS 7,200,000 Current liabilities Acc payable not given Long-term debt 2,900,000 Common stock 1,010,000 Retained earnings 2,830,000 TOTAL LIAB and EQUITY 7,200,000 Income Statement Sales 21,600,000 Operating expense 18,140,000 EBIT 3,460,000 Interest expense 348,000 EBT 3,112,000 Taxes 1,245,000 Net income 1,867,000 What is the firm's quick ratio? 0.58 6.74 4.70 4.24 0.92