Lee Company has a current ratio of 2.65. The acid test ratio is 2.01. The current liabilities of Lee are $45,000. Assuming there are no prepaid expenses, the dollar amount of merchandise inventory is A. $28,800. B. $90,540. C. $28,008.D. $90,450

Question

02-02-2018
Mathematics

contestada

Lee Company has a current ratio of 2.65. The acid test ratio is 2.01. The current liabilities of Lee are $45,000. Assuming there are no prepaid expenses, the dollar amount of merchandise inventory is A. $28,800. B. $90,540. C. $28,008.D. $90,450

Respuesta :

Otras preguntas

A sixth-grade class is growing plants for their science projects. Each student spent $1.00 for a package of seeds and $2.50 for a container to plant the seeds i

help asap! <3 The golf scores for the 32 members of the Belmont Country Club were 108, 89, 74, 115, 92, 86, 103, 107, 94, 89, 111, 78, 116, 82, 99, 107, 74,

What is the first step to circumscribe a circle around a triangle? a Find the diameter b Find the angle bisectors c Find the perpendicular bisectors d Draw the

TEST ITEMSNathan purchased a square sheet of kite paper to make a kite.The area of the kite paper was 1600cm. While making the kitehe realised that the sheet of

Solve using the quadratic formula. 2x2=8x-7

A certain medicine is given in an amount proportional to patient’s body weight. Suppose a patient weigh in 116 pounds requires 126 mg of medicine. What is the a

Write an equation of the line that passes through the point (-6, -5) with slope 6. A. y +5= -6(x+6) B.y+6= -6(x+5) C. y+6=6(x+5) D.y+5= 6(x+6)

Name one thing this city has that is special. Describe it using adjectives. (Hua-Hin Thailand)

when a stone falls freely, the time taken to hit the ground varies as the square root of the distance fallen. If it takes four seconds th fall 78.4m, find how l

HIJ has coordinates H(-4,3), I7(-2, 0), and J (-4,1). Graph the triangle and its translation 3 units to the right and 2 units down. What are the coordinates of

kitapla kitapla · Answer 1 · 2018-02-03T05:39:18+01:00

The dollar amount of merchandise inventory is A. $28,800
Let N = be the missing number
1.) N/$45,000 = 2.65/1 (cross multiply to get the current assets)
N = $119,250
2.) N/$45,000 = 2.01 (cross multiply to get current the quick assets)
N = $90,450
3.) Since there are no prepaid expenses, subtract current quick assets from the current assets to get the merchandise inventory
$119,250 - $90,450 = $28,800