Carroll Company Has Current Assets of $230,000 and Current Liabilities

question 32

Essay

Carroll Company has current assets of $230,000 and current liabilities of $150,000 of which accounts payable are $130,000.Arnold's cost of goods sold is $840,000,its merchandise inventory increased by $40,000,and accounts payable were $90,000 the prior year.Calculate Ronald's working capital,current ratio,payables turnover,and days' payable.

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Definitions:

Rule Of 70

A quick formula used to estimate the number of years required for an investment or population to double, calculated by dividing 70 by the annual growth rate.

Interest Rate

The cost of borrowing money or the return earned on investments, typically expressed as a percentage of the principal amount.

Stock Price

The cost of purchasing a share of a company in the stock market, reflective of the company's perceived value by investors.

Matrix Limitation

Constraints or restrictions related to the size, complexity, or operations of a matrix in mathematical or computational contexts.