Cash to current liabilities
[DOC File]Chapter 2
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2.1 Assets Current assets Cash $ 4,000 Accounts receivable 8,000 Total current assets $ 12,000 Fixed assets Machinery $ 34,000 Patents 82,000 Total fixed assets $116,000 Total assets. $128,000 Liabilities and equity Current liabilities Accounts payable $ 6,000 Taxes payable 2,000 Total current liabilities $ 8,000 Long-term liabilities Bonds ...
[DOC File]Evaluating Financial Performance - exinfm
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Current liabilities are higher than current assets. If we have cash of $ 1,500, accounts receivables of $ 25,500 and current liabilities of $ 30,000, our quick or acid test ratio would be: 1.88 1.33 1.11 .90 The number of times we convert receivables into cash during the year is measured by: Capital Turnover. Asset Turnover. Accounts Receivable ...
[DOC File]ANSWERS TO QUESTIONS
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Kelly Corporation Balance Sheet December 31, 2007 Assets Current assets Cash $ 6,850 Office supplies 1,200 Prepaid insurance 1,000 Total current assets $ 9,050 Equipment 48,000 Less: Accumulated depreciation 4,000 44,000 Intangible assets—trademark 950 Total assets $54,000 Liabilities and Stockholders’ Equity Current liabilities Accounts ...
[DOC File]Chapter 9: Current Liabilities, Contingencies, and the ...
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LO 3 PROBLEM 9-2A EFFECTS OF BOEING’S CURRENT LIABILITIES ON ITS STATEMENT OF CASH FLOWS 1. Adjustments to reconcile net income to net cash provided by operating activities: Net income $ xxx. Adjustments to reconcile net income to net cash . provided by operating activities: Increase in accounts payable and other liabilities 1,355
[DOC File]FINANCIAL RATIOS REPORT
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Current Liabilities. 3. Quick Ratio: The ratio of cash and temporary investments to current liabilities. Quick assets are the assets used to cover a sudden emergency. This is a more severe test of the current debt paying ability of the facility. Such a ratio is helpful in cases where the collection period for receivables might be unusually long ...
[DOC File]Chapter 11—Accounting for Current Liabilities
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CURRENT RATIO = Current assets ÷ Current liabilities (the current ratio of 2:1 is a standard as if a business has a current ratio of 2:1 or better (higher), then the business will probably be able to pay its short-term debts as they fall due).
[DOC File]CHAPTER 10
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With no change in its current liabilities, funding the aircraft purchase with cash would decrease the company’s current ratio from 1.57 ($7,116/$4,524) to 0.91 ([$7,116 - $3,000]/$4,524). FedEx could not fund the purchase with cash without violating its debt covenant.
[DOC File]CHAPTER 1
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2. If a company’s cash flows are inadequate to meet its current liabilities, the company could be forced into bankruptcy; thus, careful management of cash flows related to current liabilities is critical. Another issue in managing cash flows and current liabilities is the length of time creditors allow for payment.
[DOC File]Liquidity Ratios: Short-Term Solvency
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Current liabilities The current ratio is a commonly used measure of short-run solvency – the ability of a firm to meet its short-term debt requirements as they come due. The available cash resources to satisfy these obligations must come primarily from cash or the conversion to cash of other current assets such as accounts receivable and ...
[DOC File]gar003, Chapter 3 Systems Design: Job-Order Costing
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Acid-test ratio = Quick assets* ÷ Current liabilities = $330 $400 = 0.83 *Quick assets = Cash + Marketable securities + Current receivables = $150 + $180 = $330 (c.) Accounts receivable turnover = Sales on account Average accounts receivable* = $2,400 $170 = 14.12 *Average accounts receivable = ($180 + $160) 2 = $170 Average collection period ...
[DOC File]Ratio Analysis, Test Bank
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Cash $ 50,000 Current liabilities $125,000. Inventory 150,000. Accounts receivable 100,000 Long-term debt 175,000. Net fixed assets 200,000 Common equity 200,000. Total $500,000 Total $500,000. Sales for the year totaled $600,000. The company president believes the company carries excess inventory.
[DOC File]Chapter 13 Current Liabilities and Contingencies
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The costs for premium, coupons, and cash rebates should be charged to expense in the period of sale. 4. Analysis of Current Liabilities. The following two ratios often used to measure a firm’s liquidity: Current = Current assets . Current liabilities. Acid-test = Cash + Mkt. Sec + Net Recbls. Current liabilities. E13-2
[DOC File]STATEMENT OF CASH FLOWS
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Accrued Liabilities 3,000 2,4 Indirect+ Increase in Accrued Liabilities. Cash 103,000 3 Direct Payments for Operating Expenses. Comments: Depreciation is a non-cash expense; as it is recorded, the credit is to Accumulated Depreciation.
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