What were FCAA's current ratios in fiscal years 2009 and 2010? Are the current ratios above or below the rule of thumb?
Is the trend favorable or unfavorable? Support your answer with the appropriate numbers from the statements. Where did you find the information?
Current ratio = current assets / current liabilities
Current Assets 1,092,243 901,957
Current Liabilities 845,529 643,958
Current ratio 1.29 1.40
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The category "trade receivables" includes
a. advances to officers and employees. b. income tax refunds receivable. c. claims against insurance companies for casualties sustained. d. none of these.
Marcus Company gathered the following data about the three products that it produces:
Product Present Estimated Additional Estimated Sales Sales Value Processing Costs if Processed Further A $12,000 $8,000 $21,000 B 14,000 5,000 18,000 C 11,000 3,000 16,000 Which of the products should not be processed further? a) Products A and C b) Product B c) Product C d) Product A