Question
In: Finance
Explain the factors underlying a firm’s investment in cash and marketable securities, accounts receivable, and inventory.
Explain the factors underlying a firm’s investment in cash and marketable securities, accounts receivable, and inventory.
Solutions
jeff jeffy answered 1 year agoRelated Solutions
Spartan Sportswear's current assets consist of cash, marketable securities, accounts receivable, and inventories. The following data...
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...
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...
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...
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...
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:
4) Common-Size Balance Sheet 2016 Cash and marketable securities $ 550 1.7 % Accounts receivable 5,990...
4)
Common-Size Balance Sheet
2016
Cash and marketable securities
$
550
1.7
%
Accounts receivable
5,990
18.1
Inventory
9,530
28.8
Total current assets
$
16,070
48.6
%
Net property, plant, and equipment
16,980
51.4
Total assets
$
33,050
100.0
%
Accounts payable
$
7,210
21.8
%
Short-term notes
6,790
20.5
Total current liabilities
$
14,000
42.4
%
Long-term liabilities
6,950
21.0
Total liabilities
$
20,950
63.4
%
Total common shareholders’ equity
12,100
36.6
Total liabilities and shareholders’ equity
$
33,050...
Assets Current assets Cash $ 21,000 $ 17,000 Marketable securities 21,000 7,000 Accounts receivable (net) 51,000...
Assets
Current assets
Cash
$
21,000
$
17,000
Marketable securities
21,000
7,000
Accounts receivable (net)
51,000
43,000
Inventories
136,000
144,000
Prepaid items
25,000
10,000
Total current assets
254,000
221,000
Investments
22,000
15,000
Plant (net)
260,000
245,000
Land
28,000
23,000
Total assets
$
564,000
$
504,000
Liabilities and Stockholders’
Equity
Liabilities
Current liabilities
Notes payable
$
24,600
$
8,300
Accounts payable
58,800
45,000
Salaries payable
25,000
19,000
Total current liabilities
108,400
72,300
Noncurrent liabilities
Bonds payable
140,000
140,000
Other
25,000
20,000...
What are some of the inherent risks associated with the revenue, cash and marketable securities accounts?...
What are some of the inherent risks associated with the revenue,
cash and marketable securities accounts? What are some of
substantive tests associate with auditing these accounts?
What are some of the inherent risks associated with the revenue, cash and marketable securities accounts?...
What are some of the inherent risks associated with the revenue,
cash and marketable securities accounts? What are some of
substantive tests associate with auditing these accounts?
Explain in summary of how an auditor audited cash and marketable securities.
Explain in summary of how an auditor audited cash and marketable
securities.
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