Solved: What would be the current ratio and acid test ratio, Finance Basics

+44 141 628 6080
[email protected]

What would be the current ratio and acid test ratio

Tahoulan Ltd Balance sheet extracts as at 31 December
	2013	2014
Current assets	£	£
Stock	6,780	11,456
Debtors	8,760	10,988
Cash	3,455	5,311
	18,995	27,755
Current liabilities
Creditors	13,200	11,322

What would be the Current Ratio and Acid test Ratio.

View Complete Question

Solution Preview :

Prepared by a verified Expert

Finance Basics: What would be the current ratio and acid test ratio

Reference No:- TGS0672642

Now Priced at $5 (50% Discount)

Recommended (90%)

Rated (4.3/5)

Have a Question? (oR Write a Review)

Write atleast 100 words!!

Recent Questions Asked Finance Basics

Q : History of a chinese royal family

You are a member of a Chinese royal family in the third century BCE. Your king recently passed away.

Q : Calculate the amount of gross profit to be recognized

The company uses the percentage-of-completion method of accounting for long-term construction contracts. Calculate the amount of gross profit to be recognized in each of the three years.

Q : Different types of interviews for employee selection

Describe the different types of interviews that can be used for employee selection. When would be an appropriate time to use each type?

Q : Calculate the tax effect

Nick and Jolene are married. Nick is 61 and retired in 2011 from his job with Amalgamated Company. Jolene is 56 and works part-time as a special education teacher.

Q : What would be the current ratio and acid test ratio

What would be the Current Ratio and Acid test Ratio.

Q : Liquity premium on kay bonds

Kay corporation 5-year bonds yield 6.20% and 5-year T-bond yield 4.40%. The real risk rate is r*=2.5% the inflation premium for 5-years bonds is IP= 1.50%,

During the current year, the Harlow Corporation , which specializes in commercial construction, has the following property transactions: A. In April, a tornado damages a crane and a dump truck at one of it construction sites.

Q : How firm manages its trade receivables and trade payables

We will look at how a firm manages its trade receivables and trade payables with the following extract from the financial statements of a company.

Q : Determine cash flows for project

KADS, Inc. has spent $400,000 on research to develop a new computer game. The firm is planning to spend $250,000 on a machine to produce the new game.

1935042

Questions
Asked

3,689

Active Tutors

1424260

Questions
Answered

Start Excelling in your courses, Ask a tutor for help and get answers for your problems !!

ask Question

Solution Preview :

Prepared by a verified Expert

Finance Basics: What would be the current ratio and acid test ratio

Reference No:- TGS0672642

Have a Question? (oR Write a Review)

Recent Questions Asked Finance Basics

Q : History of a chinese royal family

Q : Calculate the amount of gross profit to be recognized

Q : Different types of interviews for employee selection

Q : Calculate the tax effect

Q : What would be the current ratio and acid test ratio

Q : Liquity premium on kay bonds

Q : The insurance company

Q : How firm manages its trade receivables and trade payables

Q : Determine cash flows for project

Teaching an adult client with type 1 diabetes mellitus

Outcome of the pregnancy of an adolescent client

Teaching regarding the use of oral contraceptives

Problem concerning antibody screening test

Client has suffered a head injury

Patient with advanced cancer has several morphine orders

Client undergoes a modified radical mastectomy

Solution Preview :

Prepared by a verified Expert

Finance Basics: What would be the current ratio and acid test ratio

Reference No:- TGS0672642

Recent Questions Asked Finance Basics

Q : History of a chinese royal family

Q : Calculate the amount of gross profit to be recognized

Q : Different types of interviews for employee selection

Q : Calculate the tax effect

Q : What would be the current ratio and acid test ratio

Q : Liquity premium on kay bonds

Q : The insurance company

Q : How firm manages its trade receivables and trade payables

Q : Determine cash flows for project

Asked Questions