The Current Year-End Balance Sheet Data for a Company Are

question 198

Essay

The current year-end balance sheet data for a company are shown below.Calculate the company's:
(a)working capital
(b)current ratio
(c)acid-test ratio.
Assets:
Cash $ 38,000
Marketable securities 45,000
Accounts receivable (net) 127,500
Merchandise inventory 149,500
Long-term investments 135,000
Plant assets (net) 517,500
Total assets $ 1,012,500
Liabilities and equity:
Accounts payable $ 148,700
Accrued liabilities 90,000
Notes payable (secured by plant assets)254,800
Common stock ($12 par) 180,000
Contributed capital in excess of par 135,000
Retained earnings 204,000
Total liabilities and equity $1,012,500

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Definitions:

Delphi Technique

A structured communication technique, often used in forecasting, which involves a panel of experts who anonymously discuss and converge on a consensus.

Management Surveys

Tools or instruments used to gauge the effectiveness, practices, and satisfaction levels within an organization's management team.

University Researchers

Individuals working within universities who conduct studies, experiments, and investigations to produce new knowledge in their field of expertise.

Business Consultants' Data

This involves the information and insights gathered and analyzed by business consultants to help organizations improve their performance, operational efficiency, and strategic planning.