On December 31, 2009, Roper Company Had Current Assets of $15,000

question 24

Essay

On December 31, 2009, Roper Company had current assets of $15,000 in cash and current liabilities of $8,000 in accounts payable, resulting in a current ratio of 1.88. The company needs to increase its current ratio to 2.75 by December 31, 2010. Calculate the amount of accounts payable that needs to be paid in order to boost the current ratio to 2.75.

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Definitions:

Exotic Species

Organisms introduced to new habitats where they are not native, often leading to ecological imbalance.

Indicator Species

Indicator species are organisms used to assess the health of an environment or ecosystem, as their presence or absence indicates specific environmental conditions.

Endemic Species

Species that are native to and can be found only within a specific geographic area.

Keystone Species

A species that plays a critical role in maintaining the structure of an ecological community, affecting many other organisms in an ecosystem.