Question Details

(Answered) Quick ratio, working capital, current ratio, transactions


Below are the problems in which I need help with. Thanks!!;-----------------;1. compute a) the working capital b) the current ratio and c) the quick ratio.;Round to one decimal place.;2. List the following captions on a sheet of paper;Transactions________Working Capital_________Current Ration______Quick Ratio;Compute the working capital, the current ratio, and the quick ratio after each of the following transactions, and record the results in the appropriate columns. Consider each transaction separately and assume that only that transaction affects the data given above. Round to one decimal point.;a. sold marketable securities at no gain or loss $37,500;b. Paid accounts payable $84,000;c. Purchased goods on account $55,000;d. Paid notes payable $32,500;e. Declared a cash dividend $38,000;f. Declared a common stock dividend on common stock $21,500;g. Borrowed cash from bank on a long term note $185,000;h. Received cash on account $93,5000;i. Issued additional shares of stock for cash $175,000;j. paid cash for prepaid exspenses $15,000
More Details:

Quick ratio, working capital, current ratio, transactions

 


Solution details:
STATUS
Answered
QUALITY
Approved
ANSWER RATING

This question was answered on: Dec 18, 2020

PRICE: $18.50

Solution~00031147583831.zip (25.37 KB)

Buy this answer for only: $18.50

This attachment is locked

We have a ready expert answer for this paper which you can use for in-depth understanding, research editing or paraphrasing. You can buy it or order for a fresh, original and plagiarism-free copy (Deadline assured. Flexible pricing. TurnItIn Report provided)

Pay using PayPal (No PayPal account Required) or your credit card . All your purchases are securely protected by .
SiteLock

About this Question

STATUS

Answered

QUALITY

Approved

DATE ANSWERED

Dec 18, 2020

EXPERT

Tutor

ANSWER RATING

GET INSTANT HELP/h4>

We have top-notch tutors who can do your essay/homework for you at a reasonable cost and then you can simply use that essay as a template to build your own arguments.

You can also use these solutions:

  • As a reference for in-depth understanding of the subject.
  • As a source of ideas / reasoning for your own research (if properly referenced)
  • For editing and paraphrasing (check your institution's definition of plagiarism and recommended paraphrase).
This we believe is a better way of understanding a problem and makes use of the efficiency of time of the student.

NEW ASSIGNMENT HELP?

Order New Solution. Quick Turnaround

Click on the button below in order to Order for a New, Original and High-Quality Essay Solutions. New orders are original solutions and precise to your writing instruction requirements. Place a New Order using the button below.

WE GUARANTEE, THAT YOUR PAPER WILL BE WRITTEN FROM SCRATCH AND WITHIN YOUR SET DEADLINE.

Order Now