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A co current assets are 96500 and current liabilities are 58600 The company wants a loan of 25000 for a 6 month period What is the current ratio after the loan?
Wiki User
∙ 15y ago
current liabilities at present 58600, when loan is taken, the amount will become 58600+25000=83600 current ratio would be 96500/83600 = 1.1543 Aruna Joshi
Wiki User
∙ 15y ago
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Calculate the net income with total assets and total liabilities?
Net income refers to the amount of money a company gains. When calculating net income you actually ave to subtract total assets and total liabilities from the prior period to reveal new totals for the period.?æ
Current ratio vs quick ratio?
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Are the 'term loans' current assets or fixed assets?
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What is monetary gain?
The gain in purchasing power that is derived from holding monetary assets and/or monetary liabilities during a period of changing prices. An increase in prices tends to devalue monetary assets and monetary liabilities. Thus, if a firm's monetary liabilities exceeded its monetary assets, inflation would tend to produce monetary gains.
What the difference between current assets vs total assets?
Current assets are assets include assets that will converted into cash or consumed in the current operating period while total assets include all assets regardless of when they will be converted to cash or consumed.
Are sales assets or liabilities?
Sales are neither assets nor liabilities. Sales is the operating revenue recognized for a company over a period of time. However, the resulting cash and receivables from Sales are assets.
Difference between current and fixed liabilities?
Using GAAP the terms Current Liabilities and Fixed Liabilities (Long-Term Liabilities) the differences are simpleCurrent Liabilities are liabilities that the company can expect to pay off in a short period of time (one year or less)While Long-Term Liabilities (fixed) are liabilities that the company will pay over over a longer period of time (more than one year)
What assets are on the balance sheet?
A company balance sheet has three parts: assets, liabilities and ownership equity. The main categories of assets are usually listed first, and typically in order of liquidity. Assets are followed by the liabilities. The difference between the assets and the liabilities is known as equity or the net assets or the net worth or capital of the company and according to the accounting equation, net worth must equal assets minus liabilities. Another way to look at the same equation is that assets equals liabilities plus owner's equity. Looking at the equation in this way shows how assets were financed: either by borrowing money (liability) or by using the owner's money (owner's equity). Balance sheets are usually presented with assets in one section and liabilities and net worth in the other section with the two sections "balancing." Because of the asset and liabilities are presented in the company balance sheet, it can help the manager to make decision whether the company should make further investment or not. As we know, this financial statement details your assets, liabilities and equity, as of a particular date. Although a balance sheet can coincide with any date, it is usually prepared at the end of a reporting period, such as a month, quarter, or year. So, by having a good management of balance sheet, can easy to make the decision whether they should to invest more for the company by looking on the previous investment made by the company.
What is the different between current assets and non-current assets?
Current assets are assets that are likely to be converted into cash within the operating period--that is the assets of the company that are most liquid. These mainly consist of the following:Cash and Marketable SecuritiesAccounts ReceivableInventoriesOther Current AssetsNon current assets are assets that are unlikely to be converted into cash, but rather items that the company will keep over a long period of time. Examples of theses are as followed:Property Plant and EquipmentIntangible AssetsOther non current assets
Is long term note payable a current liabilities?
They are similar to short-term interest-bearing notes payable except that the term of the notes exceeds one year. a long term note is often secured by a mortgage that pledges title to specific assets..Yes they probably will. The only difference between them is that current liabilities are due within one year and non-current liabilities are due in more than one year. So unless a non-current one is..Current liabilities are liabilities that the company will pay off in a short period of time, usually a year or less, such as accounts payable. Long term liabilities are liabilities that the company..
What is the current assets?
Current assets are assets that are likely to be converted into cash within the operating period. Another way to put it is current assets are the most liquid assets of a company. These mainly consist of the following:Cash and Marketable SecuritiesAccounts ReceivableInventoriesOther Current Assets
Calculate the net income with total assets and total liabilities?
Net income refers to the amount of money a company gains. When calculating net income you actually ave to subtract total assets and total liabilities from the prior period to reveal new totals for the period.?æ
How is current liability different from a long term liability?
Current liabilities are liabilities that the company will pay off in a short period of time, usually a year or less, such as accounts payable. Long term liabilities are liabilities that the company will pay off over a longer period of time, more than one year, these are things like Notes Payable.
Why are some receivables classified as non current asset?
A current asset is an asset that is used up quickly or easily converted to cash. For example supplies are current assets, many receivables are "current" assets, however, if a receivable is a large amount and the company doesn't expect to receive the full payment quickly (usually within one accounting period or one year) then the receivable is classified as a non-current asset.For example if you are a finance company and you loan money to a customer to buy a car and the financing period is for 5 years, this account is a non-current asset.This is similar to Current Liabilities and Long-Term Liabilities.
How can you define Journal Entry?
They are similar to short-term interest-bearing notes payable except that the term of the notes exceeds one year. a long term note is often secured by a mortgage that pledges title to specific assets... Yes they probably will. The only difference between them is that current liabilities are due within one year and non-current liabilities are due in more than one year. So unless a non-current on...Current liabilities are liabilities that the company will pay off in a short period of time, usually a year or less, such as accounts payable. Long term liabilities are liabilities that the company..
What happens when company's liabilities exceed its assets?
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When borrowing money do you increase your assets and liabilities at the same time?
Yes. The borrowed money is cash, an asset, and on the liabilities and equity side a liability is incurred. If the liability is due within the period it is a current liability.
