# Allied Biscuit Company’s Chief Financial Officer (CFO) has decided to take a closer look at the…

Allied Biscuit Company’s Chief Financial Officer (CFO) has decided to take a closer look at the firm’s short-term assets and liabilities. ABC’s balance sheet follows: Allied Biscuit Company (ABC) Balance Sheet Cash Accounts receivable Inventory Total current assets \$1,260,000 787,500 1,102,500 \$3,150,000 17,850,000 \$21,000,000 4,200,000 9,800,000 \$14,000,000 \$35,000,000 \$525,000 1,837,500 2,887,500 Accounts payable Accruals Notes payable Total current liabilities Long-term debt \$5,250,000 Total debt Common equity Retained earnings Total equity Net plant and equipment 29,750,000 Total assets \$3

Allied Biscuit Company’s Chief Financial Officer (CFO) has decided to take a closer look at the firm’s short-term assets and liabilities. ABC’s balance sheet follows: Allied Biscuit Company (ABC) Balance Sheet Cash Accounts receivable Inventory Total current assets \$1,260,000 787,500 1,102,500 \$3,150,000 17,850,000 \$21,000,000 4,200,000 9,800,000 \$14,000,000 \$35,000,000 \$525,000 1,837,500 2,887,500 Accounts payable Accruals Notes payable Total current liabilities Long-term debt \$5,250,000 Total debt Common equity Retained earnings Total equity Net plant and equipment 29,750,000 Total assets \$35,000,000 Total liabilities and equity What is ABC’s current ratio? What is the value of ABC’s net working capital? O 1.67 times O 0.09 times O 11.11 times O 0.25 times O \$3,150,000 \$5,250,000 O \$35,000,000 O \$2,100,000 Assume that ABC capital. Given the condition ABC’s current ratio to decides to purchase \$1,750,000 in additional inventories and pay for them using long-term debt of the company noted in the balance sheet, this activity should be expected to cause Payer WIN 34.1 2004-2016 Apla. All rigts reserved Grade lit Now Save &Continue

## Calculate the price of your order

550 words
We'll send you the first draft for approval by September 11, 2018 at 10:52 AM
Total price:
\$26
The price is based on these factors:
Number of pages
Urgency
Basic features
• Free title page and bibliography
• Unlimited revisions
• Plagiarism-free guarantee
• Money-back guarantee
On-demand options
• Writer’s samples
• Part-by-part delivery
• Overnight delivery
• Copies of used sources
Paper format
• 275 words per page
• 12 pt Arial/Times New Roman
• Double line spacing
• Any citation style (APA, MLA, Chicago/Turabian, Harvard)

# Our guarantees

Delivering a high-quality product at a reasonable price is not enough anymore.
That’s why we have developed 5 beneficial guarantees that will make your experience with our service enjoyable, easy, and safe.

### Money-back guarantee

You have to be 100% sure of the quality of your product to give a money-back guarantee. This describes us perfectly. Make sure that this guarantee is totally transparent.

### Zero-plagiarism guarantee

Each paper is composed from scratch, according to your instructions. It is then checked by our plagiarism-detection software. There is no gap where plagiarism could squeeze in.

### Free-revision policy

Thanks to our free revisions, there is no way for you to be unsatisfied. We will work on your paper until you are completely happy with the result.