The Pioneer Valley Hotel\'s (PVH) list of current accounts and their March 31, 2
ID: 2424819 • Letter: T
Question
The Pioneer Valley Hotel's (PVH) list of current accounts and their March 31, 20X7, balances are as follows: ......Accounts Receivable...90000 ......Accounts Payable...30000 ......Accrued Expenses...13500 ......Advanced Deposits...13200 ......Allowance for Doubtful Accounts...3000 ......Beverage Inventory...13500 ......Cash...13500 ......Current Maturities-LTD...36000 ......Food Inventory...25000 ......Income Taxes Payable...3600 ......Prepaid Insurance...5400 ......Notes Payable...25000 ......Notes Receivable...38500 ......Short-Term Investments...55000
A) What is the total of the current assets for PVH? $
B) What is the sum of PVH's current liabilities? $
C) What is the net working capital of PVH? $
D) What is the current ratio of PVH?
Explanation / Answer
A)
B)
C)
Net working capital= Current assets - current liabilities
Net working capital of PVH =$254100 - $111,100 = $143,000
D)
Current ratio = Current assets / Current liabilities
Current ratio of PVH= $254100 / $111,100 = 2.28 times
Current assets Amount Accounts Receivable 90000 Cash 13500 Food Inventory 25000 Prepaid Insurance 5400 Notes Receivable 38500 Short-Term Investments 55000 Advanced Deposits 13200 Beverage Inventory 13500 Total $254100Related Questions
drjack9650@gmail.com
Navigate
Integrity-first tutoring: explanations and feedback only — we do not complete graded work. Learn more.