Johnny Appleseed Brewing Company (JABC) has a quick ratio of 2.00; $38,250 in cash; $21,250 in accounts receivable; some inventory; total current assets of $85,000; and total current liabilities of $29,750. In its most recent annual report, JABC reported annual sales of $100,000 and a cost of goods sold equal to 65% of annual sales. How many times is Johnny Appleseed Brewing Company (JABC) selling and replacing its inventory? 0.35x 2.805x 3.92x 2.55x
Answers (1)
Know the Answer?
Not Sure About the Answer?
Get an answer to your question ✅ “Johnny Appleseed Brewing Company (JABC) has a quick ratio of 2.00; $38,250 in cash; $21,250 in accounts receivable; some inventory; total ...” in 📙 Business if there is no answer or all answers are wrong, use a search bar and try to find the answer among similar questions.
Search for Other Answers
You Might be Interested in
For all of the following questions, refer to the following table, which gives financial information for Apple for fiscal year 2002 (in millions) : Sales $5,742 Cash (includes marketable securities) $4,337 Cost of Sales 4,139 Accounts Receivable 565
Answers (1)
In a market economy who decides what will be produced? a. managers b. government c. traditions d. consumers
Answers (1)
Due care is the idea that consumers and sellers do not meet as equals and that the consumer's interests are particularly vulnerable to being harmed by the manufacturer, who has knowledge and expertise the consumer does not have. True / False.
Answers (1)
Which of the following would cause the real exchange rate of the U. S. dollar to depreciate? A. the U. S. government budget deficit decreases B. capital flight from foreign countries C. the U. S. imposes import quotas D. None of the above is correct.
Answers (1)
How are national debt and deficit related? a. a deficit is the money the government owes the states. b. a deficit is the sum of national debts. c. the national debt is an accumulation of deficits. d. the national debt is the sum of state deficits.,
Answers (1)
New Questions in Business
What is 1 question to ask a janitor? (This not for an interview) I already have: Why did you want to be a custodian? What are some previous jobs that you had, and which ones gave you experience towards this job?
Answers (1)
A common approach that economists use to understand, explain and predict economic phenomena is to
Answers (1)
What is the 3,000-4,000 mile-long fault in Africa?
Answers (1)
Which of the following scenarios are potential candidates for the Chi-square test? Check all that apply.
Answers (1)
In an attempt to gather information for an article, harry secretly places a listening device in the principal's office. what type of privacy issue is this?
Answers (2)