The following balance sheet information is provided for Greene Company for Year 2: Assets Cash $ 7,600 Accounts receivable 13,750 Inventory 15,800 Prepaid expenses 2,600 Plant and equipment, net of depreciation 20,500 Land 14,400 Total assets $ 74,650 Liabilities and Stockholders' Equity Accounts payable $ 3,390 Salaries payable 7,230 Bonds payable (Due in ten years) 17,000 Common stock, no par 11,500 Retained earnings 35,530 Total liabilities and stockholders' equity $ 74,650 What is the company's quick (acid-test) ratio? (Round your answer to 2 decimal places.)

mary's baskets company expects to manufacture and sell 30,000 baskets in 2019 for $5 each. there are 4,000 baskets in beginning finished goods inventory with target ending inventory of 4,000 baskets. the company keeps no work-in-process inventory. what amount of sales revenue will be reported on the 2019 budgeted income statement?

The following cost and inventory data are taken from the accounting records of mason company for the year just completed: costs incurred: direct labor cost $ 90,000 purchases of raw materials $ 134,000 manufacturing overhead $ 205,000 advertising expense $ 45,000 sales salaries $ 101,000 depreciation, office equipment $ 225,000 beginning of the year end of the year inventories: raw materials $ 8,100 $ 10,300 work in process $ 5,900 $ 21,000 finished goods $ 77,000 $ 25,800 required: 1. prepare a schedule of cost of goods manufactured. 2. prepare the cost of goods sold section of mason company’s income statement for the year.

The era of venture capitalists doling out large sums of money to startups is a. just beginning b. on the rise c. over d. fading