Quick Ratio Nabors Company reported the following current assets and liabilities for December 31 for two...

Quick Ratio Nabors Company reported the following current assets and liabilities for December 31 for two recent years: Dec. 31, Current Year Dec. 31, Previous Year Cash $550 $670 Temporary investments 1,200 1,500 Accounts receivable 1,750 1,030 Inventory 900 900 Accounts payable 2,500 2,000 Required: a. Compute the quick ratio on December 31 of both years. If required, round your answers to one decimal place. Quick Ratio December 31, current year December 31, previous year

b. Is the quick ratio improving or declining?

Expert Solution

ekkarill92 answered 1 year ago

Nabors Company reported the following current assets and liabilities for December 31 for two recent years:

Nabors Company reported the following current assets and liabilities for December 31 for two recent years:Dec. 31, Current YearDec. 31, Previous YearCash$1,850$2,490Temporary investments4,0305,580Accounts receivable7,5603,810Inventory3,0202,970Accounts payable8,4006,600Required:a. Compute the quick ratio on December 31 of both years. If required, round your answers to one decimal place.Quick RatioDecember 31, current yearDecember 31, previous yearb. Is the quick ratio improving or declining?A business issued a 45-day, 4% note for $240,000 to a creditor on account.Journalize the entries to record (a) the issuance of the...

Nabros Company reported the following current assets and liabilities for December 31 for two recent years

Nabros Company reported the following current assets and liabilities for December 31 for two recent yearsParticularsDec 31,Current year Dec 31,Previous yearCash650680Temporary Investments1,5001,550Accounts Receivable700770Inventory1,2501,400Accounts payable2,3752,000(a) Compute the quick ratio on December 31 of both year(b) Interpret the company 's Quick ratio.Is the quick ratio improving or declining

On December 31, Nate Inc. reported the following (in millions): Current Assets Current Liabilities Long-term Liabilities...

On December 31, Nate Inc. reported the following (in millions): Current Assets Current Liabilities Long-term Liabilities Equity $4,863 $4,544 $5,939 $1,305 What amount did the company report as total assets? Select one: a. $6,925 million b. None of the these are correct. c. $16,651 million d. $10,483 million e. $14,041 million

Adieu Company reported the following current assets and current liabilities for two recent years: Dec. 31,...

Adieu Company reported the following current assets and current liabilities for two recent years: Dec. 31, 20Y4 Dec. 31, 20Y3 Cash $970 $1,040 Temporary investments 1,200 1,400 Accounts receivable 830 920 Inventory 2,300 2,500 Accounts payable 2,000 2,400 a. Compute the quick ratio on December 31 for each year. Round to one decimal place. 20Y4 20Y3 Quick Ratio

Quick Ratio (QR) = Liquid Assets/Current Liabilities. Why is it more important to manage quick ratio,...

Quick Ratio (QR) = Liquid Assets/Current Liabilities. Why is it more important to manage quick ratio, in a time of recession, for the survival of a company?

At December 31, 2016, Stacy McGill Corporation reported current assets of $370,000 and current liabilities of...

At December 31, 2016, Stacy McGill Corporation reported current assets of $370,000 and current liabilities of $200,000. The following items may have been recorded incorrectly. 1. Goods purchased costing $22,000 were shipped f.o.b. shipping point by a supplier on December 28. McGill received and recorded the invoice on December 29, 2016, but the goods were not included in McGill’s physical count of inventory because they were not received until January 4, 2017. 2. Goods purchased costing $15,000 were shipped f.o.b....

1. Quick Ratio= current assets-inventories/ current liabilities 2. Debt to Assets ratio= total debt/total assets 3....

1. Quick Ratio= current assets-inventories/ current liabilities 2. Debt to Assets ratio= total debt/total assets 3. Earnings Per Share (EPS)=total earnings/outstanding shares (must first solve net income-preferred divideneds= total earnings) 4. Net Income (Net profit)=total revenues-total expenses I need help finding the answer to these equations for Target Corporation for 2015 and 2016. please refer to the links for the 10k reports for the company. 2015- https://corporate.target.com/_media/TargetCorp/annualreports/2015/pdfs/Target-2015-Annual-Report.pdf 2016- https://corporate.target.com/_media/TargetCorp/annualreports/2016/pdfs/Target-2016-Annual-Report.pdf?ext=.pdf

Gmeiner Co. had the following current assets and liabilities on December 31 of two recent years:

Gmeiner Co. had the following current assets and liabilities on December 31 of two recent years:Current YearPrevious YearCurrent assets:Cash$746,000$985,000Accounts receivable661,000464,000Inventory408,000391,000Total current assets$1,815,000$1,840,000Current liabilities:Current portion of long-term debt$107,000$95,000Accounts payable214,000189,000Accrued and other current liabilities349,000346,000Total current liabilities$670,000$630,000a. Determine the quick ratio for December 31 of both years. If required, round your answers to one decimal place.Quick RatioPrevious year:Current year:b. How did the quick ratio change between the two balance sheet dates?

Labels: Current assets Current liabilities December 31, 2018 Expenses For the Year Ended December 31, 2018...

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What assets are not in the Quick Ratio that are in the Current Ratio? What makes...

What assets are not in the Quick Ratio that are in the Current Ratio? What makes these assets different? Please explain

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