, 23.06.2019 02:00 mmaglaya1

# Mikheil, kawuan, and hayes are partners with a profit and loss ratio of 4: 4: 2. the partnership was liquidated and, prior to the liquidation process, the partnership balance sheet was as follows: assetscash \$105,000non-cash \$745,000total assets \$850,000liabilities & equitymikheil, capital \$240,000kawuan, capital \$150,000hayes, capital \$10,000total liabilities & equities \$850,000after the partnership was liquidated and the cash was distributed, kawuan received \$140,000 in cash in full settlement of his interest. the liquidation loss must have been: select one: a. \$480,000b. \$120,000c. \$150,000d. cannot be computed from the given information

If you want to compare two different investments, what should you calculate
Eagle sporting goods reported the following data at july â€‹31, 2016â€‹, with amounts adapted inâ€‹ thousands: â€‹(click the icon to view the incomeâ€‹ statement.) â€‹(click the icon to view the statement of retainedâ€‹ earnings.) â€‹(click the icon to view the balanceâ€‹ sheet.) 1. compute eagleâ€‹'s net working capital. 2. compute eagleâ€‹'s current ratio. round to two decimal places. 3. compute eagleâ€‹'s debt ratio. round to two decimal places. do these values and ratios lookâ€‹ strong, weak orâ€‹ middle-of-the-road? 1. compute eagleâ€‹'s net working capital. total current assets - total current liabilities = net working capital 99400 - 30000 = 69400 2. compute eagleâ€‹'s current ratio. â€‹(round answer to two decimalâ€‹ places.) total current assets / total current liabilities = current ratio 99400 / 30000 = 3.31 3. compute eagleâ€‹'s debt ratio. â€‹(round answer to two decimalâ€‹ places.) total liabilities / total assets = debt ratio 65000 / 130000 = 0.50 do these ratio values and ratios lookâ€‹ strong, weak orâ€‹ middle-of-the-road? net working capital is â–ľ . this means â–ľ current assets exceed current liabilities current liabilities exceed current assets and is a â–ľ negative positive sign. eagleâ€‹'s current ratio is considered â–ľ middle-of-the-road. strong. weak. eagleâ€‹'s debt ratio is considered â–ľ middle-of-the-road. strong. weak. choose from any list or enter any number in the input fields and then continue to the next question.
James albemarle created a trust fund at the beginning of 2016. the income from this fund will go to his son edward. when edward reaches the age of 25, the principal of the fund will be conveyed to united charities of cleveland. mr. albemarle specified that 75 percent of trustee fees are to be paid from principal. terry jones, cpa, is the trustee. james albemarle transferred cash of \$500,000, stocks worth \$400,000, and rental property valued at \$250,000 to the trustee of this fund. immediately invested cash of \$360,000 in bonds issued by the u.s. government. commissions of \$7,900 are paid on this transaction. incurred permanent repairs of \$9,000 so that the property can be rented. payment is made immediately. received dividends of \$8,000. of this amount, \$3,000 had been declared prior to the creation of the trust fund. paid insurance expense of \$4,000 on the rental property. received rental income of \$10,000. paid \$8,000 from the trust for trustee services rendered. conveyed cash of \$7,000 to edward albemarle.
Selected data for stick’s design are given as of december 31, year 1 and year 2 (rounded to the nearest hundredth). year 2 year 1 net credit sales \$25,000 \$30,000 cost of goods sold 16,000 18,000 net income 2,000 2,800 cash 5,000 900 accounts receivable 3,000 2,000 inventory 2,000 3,600 current liabilities 6,000 5,000 compute the following: 1. current ratio for year 2 2. acid-test ratio for year 2 3. accounts receivable turnover for year 2 4. average collection period for year 2 5. inventory turnover for year 2
Mikheil, kawuan, and hayes are partners with a profit and loss ratio of 4: 4: 2. the partnership was...
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