Acc 421-A Company Has Current Assets Of $95,000

(c) A company has current assets of $95,000 (of which $38,000 is inventory and prepaid items) and current liabilities of $38,000. What is the current ratio? What is the acid-test ratio? If the company borrows $13,000 cash from a bank on a 120-day loan, what will its current ratio be? What will the acid-test ratio be?(Round answers to 2 decimal places, e. g. 2. 50. )Current Ratio : 1Acid Test Ratio : 1New Current Ratio : 1New Acid Test Ratio : 1(d) A company has current assets of $604,000 and current liabilities of $218,000. The board of directors declares a cash dividend of $183,000. What is the current ratio after the declaration but before payment? What is the current ratio after the payment of the dividend?(Round answers to 2 decimal places, e. g. 2. 50. )Current ratio after the declaration but before payment2. 77 : 1Current ratio after the payment of the dividend1. 51 : 1

Originally posted 2018-07-11 22:53:17. Republished by Blog Post Promoter