View Test Prep - Quiz 3 from FIN 3010 at Middle Tennessee State University. I love working at Carlin Group, I have no cons. The ratio considers the weight of total current assets versus total current liabilities. Pros. The amount of current assets is. Current assets represent all the assets of a company that are expected to be conveniently sold, consumed, used, or exhausted through standard business operations with one year. Which of the following statements is correct, based on this information? All of these are true. Calculate the Current Ratio for this company. What is the current ratio (rounded to the nearest decimal point) See All 13 Reviews. Question: Bluestone Company had three intangible assets at the end of the current year. according to the web site, what is acxiom's privacy policy? Current assets represent all the assets of a company that are expected to be conveniently sold, consumed, used, or exhausted through standard business operations with one year. Best answer. Manufacturers a.docx, Please help me make an income statement! The company's current inventory level is $250,000, and it plans to issue short-term debt to increase inventory. c. the item must have a tangible element to it or be legally valid in nature. This is because the current ratio uses inventory, which may or may not be easily converted to cash within a year (this is the case for many retailers and other inventory-intensive businesses). Required: Calculate the company's debt to assets ratio. It's equal to the "a" value. This has happened with multiple people in the organization. next. Cash and cash equivalents 2. review the us online advertising privacy policy. Current Liability : Liability expected to be liquidated in a year. should there be laws that govern the types of data services that governmental agencies can buy from companies like acxiom? The ratio is regarded as a … Another example of a company with tons of cash is Japanese video game company Nintendo, which has so much cash parked in its current assets ($5 billion) that even if it stopped selling products tomorrow, it could continue to pay its bills for years. This ratio measures the company’s ability to pay its short-term debt with liquid assets, which are assets easily converted to cash. This problem has been solved! The total area of the patch plus the corridor, or the patch plus the wings was the same. 2.0 Explanation: Current Ratio = Current Assets / Current Liabilities Current Ratio = $100,000 / $50,000 = 2.0 L=5000/.5 L=10000. b) sales tax payable Since joining UCLA Anderson in 2007, Carlin has focused his research in the areas of consumer finance, asset pricing and corporate finance. Recommends. The company has been in business for 11 years and 5 months. Current liabilities total $1,908,000. December 2008. Milton Company has total current assets of $46,000, including inventory of $10,000, and current liabilities of $20,000. Cons. 2) The sale of gift cards by a company is a direct example of: a) deferred revenues. Which is true about the vertex? He has completed a rectangular part of the mural that is four sixths of a meter wide and two fifths of a meter tall.... Find the values of x and y that satisfy the equation 250% 167% 150% 40% Submit Answer & Continue. Short-term investments 5. Typically, a company that has more short-term assets than current liabilities is … 180 2 of resistance. Company right to transact business in texas is currently ACTIVE. Assets are classified and reported as short-term assets on a company’s balance sheet if they can be converted to cash within one year or less. information currently available. To calculate total assets on a balance sheet, plug in your assets first. Course Hero is not sponsored or endorsed by any college or university. 83 likes. The company is based on CARLINS, WARRENDENE ROAD HUGHENDEN VALLEY, HIGH WYCOMBE, BUCKINGHAMSHIRE, HP14 4LY. A. it is an easy way to determiante if the company will be able to meet their obligation within the next year, The curent ratio will be equal to 2 Now the company should compare with other firms in the market to check how well is their liquity. asked Feb 25, 2019 in Business by ttsst. Mr. Kenwood has reviewed and approved the technical information in this press release. which of the following criteria are applied to determine whether goodin can report an intangible? Assets like liabilities on the balance sheet are often analyzed by short-term/current and long-term. d. to enable the regulation of risk levels in the decision process of offering loans. answered Feb 25, 2019 by aweiss . This change illustrates that, with less debt and more equity financing the assets, the debt ratio decreases, making the company, In this module, you learned how to begin assessing a company's financial, performance using the debt ratio. It measures whether or not Silver Wolf has enough cash or liquid assets to pay its current liability over the next fiscal year. It is not intended to be nor does it constitute legal advice. 3. Accounting Changes and Error Analysis quiz 1.docx, 2) Departmental Overhead Rate3) Activity Based CostingExample 1 .docx, Please give the correct answer to the problem below. current asset / current liabilities =1.5/1. Carlin Company has current assets of $100,000, total assets of $1,000,000, current liabilities of $50,000, total liabilities of $250,000 and total equity of $750,000. The REN Property is contiguous to the Banshee Mine … A high current ratio is generally considered a favorable sign for the company. good luck! in buying winslow, goodin acquired several items that might qualify to be reported as identifiable intangible assets. There are nickels and dimes in a piggy bank. The President of the company makes horrible decisions and no one really knows what he does on a day to day basis. I have been working at Carlin Group part-time for more than 3 years. For instance, assume a company has current assets of $200,000 and current lia-bilities of $100,000. The Carlin Company is skilled in its ability to communicate concepts and ideas. This would result in a working capital of $100,000 ($200,000-100,000=$100,000) and a current ratio of two to one ($200,000 divided by 100,000=2). as issuing bonds or borrowing from Fnancial insTtuTons. Matt is painting a mural on a 1-square meter section of a wall. The current ratio uses all of the company’s immediate assets in the calculation. Which of the following explains why the government sets a required reserve ratio for private banks? North Easton Savings Bank has 18 eighteen local branches and over $1.1 billion in assets. If Carlin Company's equity increased to $700,000 and liabiliTes decreased to $300,000, what would the e±ect on the debt raTo be? Company C is more liquid and is apparently in a better position to pay off its liabilities. The ability to meet the current portion of debt (payable within 12 months) is critical because it represents a short-term claim to current assets and is often secured by long term assets. The Carlin Trend — arguably the most celebrated gold trend on the planet — has produced in excess of 84 million ounces of gold since the first discovery nearly six decades back. Question: Question 1 Of 2 Carlin Company Has Total Assets Of $1,000,000, Liabilities Of $100,000, And Equity Of $600,000. What, is the debt raTo (rounded to a whole percent)? Inventory 4. This design enabled them to control for several factors. A manufacturing company has current assets of $22,000, current liabilities of $11,000 and total assets of $172,000. The Plaza Company has working capital of $540,000 and a current ratio of 3 to 1. Company B has current assets of $2.7 billion and current liabilities of $1.8 billion. Current Ratio is calculated by dividing the Current Assets of Silver Wolf by its Current Liabilities. The cash and cash equivalents in the case of Apple Inc. increased from $ 20,289 Mn to … UK COMPANIES LIST Find, check and analyze companies data. Calculate the current ratio. Accounts receivableAccounts ReceivableAccounts Receivable (AR) represents the credit sales of a business, which are not yet fully paid by its customers, a current asset on the balance sheet. why or why not? The Young Company has the following assets and liabilities: ASSETS Cash $35,000 Accounts receivable 15,000 Inventory 30,000 Equipment 50,000 LIABILITIES Current portion of long-term debt 10,000 Accounts payable 2,000 Long-term debt 25,000 Determine the quick ratio (rounded to one decimal point). 3010 at Middle Tennessee State University your assets first, you consent carlin company has current assets of the use of cookies 2.7 billion current. Liabilities must be repaid at specific dates kilometers of the following criteria are applied determine... Much money and causing inflation nearest decimal point ) is: Solution for 1 must improve the operations goodin! Expense or a reduction to a company 's assets include everything of carlin company has current assets of the company 's filing status is as... To day basis College • ACCT MANAGERIAL many ESC-equipped vehicles monitor signals from other sensors well... 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