In: Accounting

Spartan Sportswear's current assets consist of cash, short-term
investments, accounts receivable, and inventory. The following data
were abstracted from a recent financial statement:

Inventory | $ | 310,000 |

Total assets | $ | 810,000 |

Current ratio | 3.80 | |

Acid-test ratio | 1.80 | |

Debt to equity ratio | 1.70 | |

**Required**:

Compute the shareholders' equity for Spartan:

Spartan Sportswear's current assets consist of cash, short-term
investments, accounts receivable, and inventory. The following data
were abstracted from a recent financial statement:Inventory$270,000Total assets$720,000Current ratio2.85Acid-test ratio1.35Debt to equity ratio1.25Required:Compute the shareholders' equity for Spartan:

Spartan Sportswear's current assets consist of cash, marketable
securities, accounts receivable, and inventories. The following
data were abstracted from a recent financial statement: Inventories
$ 280,000
Total assets $ 825,000
Current ratio 2.90
Acid-test ratio 1.30
Debt to equity ratio 1.20
Required:
Compute the current assets for Spartan (Do not round
intermediate calculations.):

Bronco Electronics' current assets consist of cash, marketable
securities, accounts receivable, and inventories. The following
data were abstracted from a recent financial statement: Inventories
$ 160,000
Total assets $ 1,790,000
Current ratio 4.0
Acid-test ratio 2.40
Debt to equity ratio 1.5
Required:
Compute the long-term liabilities for Bronco:

Bronco Electronics' current assets consist of cash, marketable
securities, accounts receivable, and inventories. The following
data were abstracted from a recent financial statement: Inventories
$ 170,000
Total assets $ 1,850,000
Current ratio 4.2
Acid-test ratio 3.20
Debt to equity ratio 1.5
Required:
Compute the long-term assets for Bronco:

Bronco Electronics' current assets consist of cash, marketable
securities, accounts receivable, and inventories. The following
data were abstracted from a recent financial statement: Inventories
$ 205,000
Total assets $ 1,730,000
Current ratio 3.8
Acid-test ratio 2.80
Debt to equity ratio 1.5
Required:
Compute the current assets for Bronco:

Bronco Electronics' current assets consist of cash, marketable
securities, accounts receivable, and inventories. The following
data were abstracted from a recent financial statement:
Inventories $ 195,000
Total assets $ 1,670,000
Current ratio 3.7
Acid-test ratio 2.70
Debt to equity ratio 1.5
Compute the long-term liabilities for Bronco
Long-Term Liabilities:

FERRIS COMPANY HAS CASH OF $70,000, SHORT-TERM INVESTMENTS OF
60,000, NET ACCOUNTS RECEIVABLE OF $86,000, INVENTORY OF $96,000,
PREPAID EXPENSES OF $60,000, ACCOUNTS PAYABLE OF $50,000, UNEARNED
REVENUE OF $20,000, NOTES PAYABLE OF $10,000, SALARY PAYABLE OF
$6,000, MORTGAGE PAYABLE OF $100,000, BONDS PAYABLE OF $75,000,
INCOME TAXES PAYABLE OF $4,000, GROSS SALES OF $520,000, SALES
RETURNS OF $8,000 AND SALES DISCOUNTS OF $7,000. LAST YEARâ€™S NET
ACCOUNTS RECEIVABLE WERE $114,000.
COMPUTE THE FOLLOWING RATIOS:
A. QUICK RATIO
B. AVERAGE...

At the end of 2015, Apple had cash and short-term investments of
$41.86 billion, accounts receivable of $35.74 billion, current
assets of $89.83 billion, and current liabilities of $80.38
billion. a. What was Apple's current ratio? b. What was Apple's
quick ratio? c. What was Apple's cash ratio? d. At the end of 2015,
HPQ had a cash ratio of 0.29, a quick ratio of 0.66 and a current
ratio of 1.06. What can you say about the asset liquidity...

At the end of 2015, Apple had cash and short-term investments of
$41.86 billion, accounts receivable of $36.25 billion, current
assets of $88.89 billion, and current liabilities of $80.39
billion. a. What was Apple's current ratio? b. What was Apple's
quick ratio? c. What was Apple's cash ratio? d. At the end of 2015,
HPQ had a cash ratio of 0.36, a quick ratio of 0.75 and a current
ratio of 1.23. What can you say about the asset liquidity...

At the end of 2015, Apple had cash and short-term investments of
$41.60 billion, accounts receivable of $35.89 billion, current
assets of $89.38 billion, and current liabilities of $80.61
billion
a. What was Apple's current ratio?
b. What was Apple's quick ratio?
c. What was Apple's cash ratio?
d. At the end of 2015, HPQ had a cash ratio of 0.35, a quick
ratio of 0.73 and a current ratio of 1.15. What can you say about
the asset liquidity...

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