If the current ratio is 2.5 to 1, net income is $6,000, and current liabilities are $18,000, how much is working capital?
a. $ 6,000
b. $ 24,000
c. $ 27,000
d. $ 45,000
c
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Answer the following statement(s) true (T) or false (F)
1. Employers cannot refuse to be interviewed during an OSHA investigation. 2. Employees cannot ask to be interviewed in private during an OSHA investigation. 3. Employees can freely discontinue the interview at any time during an OSHA investigation. 4. Employees are free from retaliation, during and after, an OSHA investigation. 5. An employer representative has a right to be present when the OSHA inspector is interviewing employees unless the interview is private by request of the employee being interviewed.
Which of the following is not a product cost under variable costing?
A. Direct materials. B. Fixed manufacturing overhead. C. Direct labor. D. All variable manufacturing costs. E. Variable manufacturing overhead.
Which of the following statements is true about goal and plan selection?
A. Benchmarking should be done during goal and plan selection. B. Goal selection requires exclusive reliance on experienced judgment. C. Managers select goals and plans that are appropriate and feasible. D. Selection takes place immediately after generating alternate goals. E. Experienced judgment is not needed in goal and plan selection.
In the Schedule of Cost of Goods Manufactured, Total direct materials = Raw materials used in production - Ending raw materials inventory.
Answer the following statement true (T) or false (F)