Business Math

posted by .

The balance sheet of Karim Imports lists the following account balances: cash $6,450; supplies $1,200; accounts receivable $15,360;office equipment $8,500; merchandise inventory $28,775; current assets $65,800; accounts payable $12,650; mortgage payable $45,380; currentl liabilities $32,240. What is Karim Imports quick ratio? (round answer to the nearest tenth).

Respond to this Question

First Name
School Subject
Your Answer

Similar Questions

  1. Introduction to Accounting

    The proprietors of two businesses, L.L. Sams Company and Melinda Garcia Career Services, have sought business loans from you. To decide whether to make the loans, you have requested their balance sheet to view. L.L. Sams Company Balance …
  2. Balance Sheet

    Use the following information to complete the balance sheet (1) The company was organized on January 1, 2005, and has operated for the full year 2005. (2) Earnings have amounted to $275,000, and dividends of $70,000 have been paid …
  3. accounting

    Analyze the following separate errors and describe how each would affect the 10-column work sheet Below. Explain whether the error is likely to be discovered in completing the work sheet and, if not, the effect of the error on the …
  4. financial management

    Using the following information, prepare a balance sheet for Midsize Corporation: Total Current Assets $11,800,000 Gross Fixed Assets $15,000,000 Cash ?
  5. Math

    From the ff. account balances picked up from the ledger of Morgan Industries on July 15, 2008, prepare a trial balance in good form Morgan, Drawing Drawing 1, 800 Accounts Payable 38, 000 Land 30,000 Sales Discount 3, 600 Purchase …
  6. Business Math

    The balance sheet of karim imports lists the following account balances: cash 6,450 supplies 1,200 accounts receiveable 15,360 office equipment 8,500merca
  7. accounting

    Greco Resort Adjusted Trial Balance August 31, 2007 Debit Credit Cash $ 19,600 Accounts Receivable 800 Prepaid Insurance 3,375 Supplies 450 Land 20,000 Building 120,000 Accumulated Depreciation- Building 1,080 Equipment 16,000 Accumulated …

    Below is a list of account balances for Currie Hospital as of December 31, 2013. Prepare a balance sheet as of December 31, 2013, in proper form. (Hint: You will need to compute the net assets account. Assume that all net assets at …
  9. bus math

    Solve the problem. Express answers as a percent rounded to the nearest tenth. 20) Complete a vertical analysis on the balance sheet for Jake's Janitorial Service for December 31 of last year. The company assets are cash $20,000, accounts …
  10. Accounting

    Cash $10,000 Accounts Payable $7,000 Accounts Receivable $6,400 Mortgage Payable $65,000 Supplies $1,500 Long-term Debt $36,000 Building $150,000 Notes Payable $9,000 Equipment $80,000 Preferred Stock $32,000 Merchandise Inventory …

More Similar Questions