Colorado Corporation's financial statements include the following information:
Cash $ 6,100
Net Credit Sales $315,000
Accounts receivable 52,000
Cost of Goods Sold 210,000
Merchandise inventory 92,800
Net Income $ 56,000
Prepaid Expenses 12,600
Total Current Assets $163,500
Total Current Liabilities $ 65,400
Total Stockholders' Equity $200,000
The Current Ratio for Colorado Comapny is:
Answers (1)
Know the Answer?
Not Sure About the Answer?
Find an answer to your question 👍 “Colorado Corporation's financial statements include the following information: Cash $ 6,100 Net Credit Sales $315,000 Accounts receivable ...” in 📗 Business if the answers seem to be not correct or there’s no answer. Try a smart search to find answers to similar questions.
Search for Other Answers
You Might be Interested in
Bezel systems is introducing a few organization-wide changes. a coalition of employees will clearly lose out from the proposed changes and they have enough power to cause the change effort to fail.
Answers (1)
When the government decreases spending or increases taxes to slow economic expansion, the government is conducting: a contractionary fiscal policy. b contractionary monetary policy. c expansionary fiscal policy. d expansionary monetary policy.
Answers (1)
The following information is available for Trinkle Company for the month of June:1. The unadjusted balance per the bank statement on June 30 was $81,5002. Deposits in transit on June 30 were $3,1503.
Answers (1)
As the product manager for Whirlpools line of washing machines you are in charge of pricing new products.
Answers (2)
The following information is available from the current period financial statements: Net income $175,000 Depreciation Expense $28,000 Increase in Accounts Receivable $16,000 Decrease in Accounts Payable $21,000 The net cash flow from operating
Answers (1)
New Questions in Business
Workers who receive benefits are often less motivated. True or false.
Answers (1)
Examples of transaction costs include (check all that apply) : A. the cost of the externality. B. the cost of monitoring an agreement. C. the cost of drafting a contract or agreement. D.
Answers (1)
Josh, Inc. is faced with the choice of either producing a newly designed product, XX-30, to stock in anticipation of demand or to customer order. The demand for the product is expected to be 5,000 units per week.
Answers (1)
Gwen is a psychologist who maintains an office in a professional suite. She often spends time doing paperwork and scheduling in her home officeWhich of the following is true?
Answers (1)
A certificate of deposit will often result in a penalty for withdrawing funds before the maturity date. If the penalty involves two months of interest, what would be the amount for early withdrawal on a $20,000, 4 percent CD?
Answers (1)