Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. dennisport corporation has an acid-test ratio of 2

Dennisport Corporation has an acid-test ratio of 2.9. It has current liabilities of $59,000 and...

60.1K

Verified Solution

Question

Accounting

Dennisport Corporation has an acid-test ratio of 2.9. It has current liabilities of $59,000 and noncurrent assets of $90,000. The corporation's current assets consist of cash, marketable securities, accounts receivable, prepaid expenses, and inventory; it has no short-term notes receivable. If Dennisport's current ratio is 3.7, its inventory and prepaid expenses must be:

$89,900

$114,700

$128,300

$47,200

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Zin AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Q

Where is the hole for the following function located x 3 f x x 4...

Algebra
Q

A company is considering a new 6-year project that will have annual sales of $189,000 and...

Finance
Q

The vaporization of compound A is described by the given chemical equation. A(l)⟶A(g)ΔHvap∘=42.69 kJ/mol Calculate the entropy of...

Chemistry
Q

In King’s speech, he claimed: “America has defaulted on this promissory note insofar as her citizens...

General Management
Q

B 4x 8 ft 44 C MathBits com 35 2x 12 ft D

Geometry
Q

Which of the following could be the equation of an ellipse? (More than one answer...

Basic Math
Q

Below is a hypothesis test set up by a student who recently took introductory statistics...

Statistics
Q

0 Let f x A alx x 21 2 x x b X X 2...

Calculus
Q

Careers G google translate G Member Login US YouTube to Mp3 C CCBubble Knee Len...

Calculus
Q

Flight Caf prepares in-flight meals for airlines in its kitchen located next to a local...

Accounting
Q

27) Green Co. received merchandise on consignment. As of January 31, Green included the goods...

Accounting
Q

Find the value of the unknown quantity Z in the following diagram, such that the...

Finance