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Core Company Had the Following Assets and Liabilities as of December

question 54

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Core Company had the following assets and liabilities as of December 31:​​  Assets  Cash $58,000 Accounts receivable 25,000 Inventory 20,000 Equipment 50,000 Liabilities  Current portion of long-term debt $20,000 Accounts payable 12,000 Long-term debt 25,000\begin{array}{|l|r|}\hline {\text { Assets }} & \\\hline \text { Cash } & \$ 58,000 \\\hline \text { Accounts receivable } & 25,000 \\\hline \text { Inventory }& 20,000 \\\hline \text { Equipment } & 50,000 \\\hline\\\hline {\text { Liabilities }}\\\hline \text { Current portion of long-term debt } & \$ 20,000 \\\hline \text { Accounts payable } & 12,000 \\\hline \text { Long-term debt } &25,000\\\hline\end{array} Calculate the current ratio, working capital, and quick ratio.​

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Definitions:

Constant Growth

A model in finance that assumes a stock’s dividends will continue to grow at a uniform rate indefinitely, used to estimate the stock's current value.

Dividends

Proceeds allocated by a corporation to its share owners, principally derived from the business's earnings.

Rate Of Return

The fiscal growth or shrinkage in an investment's value during a particular lapse of time, marked as a percentage of the initial investment expense.

Annual Dividend

The total amount of dividends that a company pays out to its shareholders over a year.

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