Answer:
The quick ratio is 4.75:1.
Step-by-step explanation:
From the given information it is clear that:
Cash = $340,000
Inventory = $280,000
Accounts receivable = $40,000
Accounts payable = $65000
Other current liabilities = $15000
Formula for quick ratio:
Substitute Cash = 340000, Current receivables=40000, Current Liabilities= (65000+15000).
Therefore the quick ratio is 4.75:1.
Answer:
After 15 years both the colleges will have same number of students.
Step-by-step explanation:
The enrollment at sunshine College has been increased by 45 students per year. Currently, sunshine College has 1100 students attending.
So, after x years the number of students of this college will be (1100 + 45x).
Again, Marigold college currently has 2000 students, but its enrollment is decreasing in size by an average of 15 students per year.
So, after x years the number of students of this college will be (2000 - 15x).
If those two colleges have the same number of students after x years, then we can write
1100 + 45x = 2000 - 15x
⇒ 60x = 900
⇒ x = 15 years.
Therefore, after 15 years both the colleges will have the same number of students. (Answer)
Try this option (see the attachment). Make design according own requirements.
Note, that the description and details are under green line.
Answer: 0.030921
Answer : amar makes $8 per hour
