Refer to the following selected financial information from McCormik, LLC. Compute the company's current ratio for Year 2. Year 2Year 1 Cash$38,600? $33,350? Short-term investments 101,000? 65,500? Accounts receivable, net 91,000? 85,000? Merchandise inventory 126,500? 130,500? Prepaid expenses 13,200? 10,800? Plant assets 393,500? 343,500? Accounts payable 107,900? 113,300? Net sales 716,500? 681,500? Cost of goods sold 395,500? 380,500?
A. 2.14.
B. 2.50.
C. 2.26.
D. 3.43.
E. 3.31.
Answer: D
You might also like to view...
Which of the following is not one of the inflection points described by Scharmer?
a. Uploading b. Saying c. Sensing d. Presence
Customer value
A. becomes less important as competition increases. B. is the same thing as low price. C. affects a customer's relationship with a firm before and after a sale. D. is greater if costs exceed benefits. E. None of these answers is correct.
Strategies aimed at reducing the total duration it takes to deliver a product or service are known as
A. computer-integrated manufacturing. B. lean manufacturing. C. continuous process. D. mechanistic organization. E. time-based competition.
If the ____ keyword is included when a constraint is created, a constraint name must be provided by the user
a. CONST b. CONSTRAIN c. CONSTRAINT d. none of the above