Calculate the Quick Assets and Acid Test Ratios

question 30

Short Answer

Calculate the quick assets and acid test ratios. $\begin{array}{c}\begin{array}{lll}\\\\ \text {Company}\\ \text { Chris, Inc: }\\ \text {Alana, Inc. }\\ \text {Eva, Inc.}\\\end{array}\begin{array}{lll}\\ \text {Current}\\ \text {liabilities}\\\$ 72,061 \\ \$ 16,154 \\ \$ 822,947 \\\end{array}\begin{array}{lll}\\\\ \text {Cash}\\ \$ 25,940 \\ \$ 13,240 \\ \$ 65,800 \\\end{array}\begin{array}{lll}\\ \text {Marketable}\\ \text {Securities}\\\$ 20,000 \\ \$ 0 \\\$ 200,000 \end{array}\begin{array}{lll}\\ \text {Accounts}\\\text {Receivable}\\\$ 36,210 \\ \$ 11,800 \\ \$ 516,000 \end{array}\begin{array}{lll}\\\text {Quick}\\\text {Assets}\\\\\\\\\end{array}\begin{array}{lll}\text {Acid}\\\text {Test}\\\text {Ratio}\\\\\\\\ \end{array}\end{array}$

Understand the relationship between education and societal expectations through concepts such as the correspondence principle and self-fulfilling prophecy.

Understand the historical and ongoing impact of the Canadian education system on Aboriginal communities.

Analyze the dynamics of power and knowledge in Canada through post-structuralist and symbolic interactionist perspectives, especially in the context of racism.

Reflect on personal experiences within the formal educational system, considering the intersecting factors of race, class, gender, and ability.

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Definitions:

Direct Approach

A method of presentation in cash flow statements where actual cash flow information from operating activities is presented directly.

Inventory

Materials and products that a business holds for the ultimate purpose of resale.

Investment Account

An account held at a financial institution or brokerage which is used for the buying of investments such as stocks, bonds, and mutual funds.

Book Value

The net value of a company's assets minus its liabilities, as recorded on the balance sheet.