A partial balance sheet for Captain D's Sportswear is shown below.(dollars in thousands) Assets:?Liabilities:?Cash$ 60 Accounts payable$ 240Accounts receivable (net)170 Other liabilities 80Investments50 Total current liabilities320Inventory200 Long-term liabilities 110Prepaid rent 25 Total liabilities430 Total current assets505 Stockholders' equity:?Property & Equipment, (net) 255 Common stock150?? Retained earnings 180?? Total stockholders' equity 330Total assets$ 760 Total liabilities and equity$ 760The acid-test ratio is: (Round your answer to 2 decimal places.)
A. 1.17.
B. 0.88.
C. 1.58.
D. 0.25.
Answer: B
You might also like to view...
______ is the removal of previously experienced negative consequences, resulting in the likelihood that certain behaviors will occur again in the same or similar situations.
A. Positive punishment B. Negative reinforcement C. Negative punishment D. Positive reinforcement
Which of the following is not usually the job of the team leader?
a. making sure that the team has clear vision and direction b. making sure that relationship-oriented issues are managed c. making sure that the team has the resources that it needs d. making sure that the team gets paid
In 1806, a group of Philadelphia shoemakers was convicted of ____________________ for joining together and refusing to work unless their terms were met.
A. Illegal assembly B. Tyranny C. Unpatriotic actions D. Illegal conspiracy
Which one of the following statements regarding the economic order quantity (EOQ) is TRUE?
A) The EOQ model combines several different item orders to the same supplier. B) If an order quantity is larger than the EOQ, the annual holding cost for cycle inventory exceeds the annual ordering cost. C) The EOQ model assumes a variable demand pattern. D) When the interest rate drops, the inventory holding cost decreases and the EOQ decreases.