The following balance sheet information is provided for Duke Company for Year 2: Assets Cash$5,400 Accounts receivable 15,500 Inventory 18,000 Prepaid expenses 1,600 Plant and equipment, net of depreciation 20,200 Land 19,950 Total assets$80,650 Liabilities and Stockholders' Equity Accounts payable$4,500 Salaries payable 11,500 Bonds payable (due in ten years) 19,000 Common stock, no par 30,000 Retained earnings 15,650 Total liabilities and stockholders' equity$80,650 ?What is the company's current ratio? (Round your answer to 2 decimal places.)
A. 1.31
B. 3.79
C. 1.16
D. 2.53
Answer: D
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A key factor that distinguishes transnational companies from international companies is their ________ for the marketing program
A) use of localized elements B) use of extension elements C) needs assessment D) domestic research E) mind-set
Although competition is most intense within a strategic group, explain why there is also rivalry among groups. Give examples
What will be an ideal response?
Consider the estimated aggregate demand for a company’s ski product line for the upcoming year in the following table. Calculate the regular time production cost for January using the level production strategy. Assume the regular time production cost as $200/pair of skis, the average monthly inventory holding cost is $20/pair of skis per month, and the beginning inventory for January is 8,000 units.
A. $400,000
B. $800,000
C. $120,000
D. $100,000
An anticipatory repudiation by one party to a contract precludes a discharge by performance by that same party
a. True b. False Indicate whether the statement is true or false