Wgu c201 chapter 15 Study guides, Revision notes & Summaries

WGU C201 Business Acumen Chapter 15 & 16: Accounting and Financial Statements - RatiosCurrent assets / current liabilities - correct answer Current Ratio Current assets - minus inventory / current liabilities - correct answer Acid Test (Quick) Ratio Current assets $250 Inventory $20 Current Liabilities $100 250-20=230 230/100=2.2 $2.20 assets for every $1 in liabilities Acid Test (Quick) Ratio and Current Ratio - correct answer Liquidity Ratios Inventory Turnover, Receivabl...

(solved) WGU C201 Business Acumen Chapter 15 & 16 Accounting and Financial Statements – Ratios

WGU C201 Business Acumen Chapter 15 Question and answers 100% correct 2024 Current assets / current liabilities - correct answer Current Ratio Current assets - minus inventory / current liabilities - correct answer Acid Test (Quick) Ratio Current assets $250 Inventory $20 Current Liabilities $100 250-20=230 230/100=2.2 $2.20 assets for every $1 in liabilities Acid Test (Quick) Ratio and Current Ratio - correct answer Liquidity Ratios Inventory Turnover, Receivables Turnover...

WGU - C201 Chapter 15 and 16 accurate 100%Financial Statements - ANSWER Transactions are accumulated and categorized Different kinds of financial statements - ANSWER Balance sheet, Income statement, statement of owners equity and statement fs of cash flows Income Statement - ANSWER Used by the manager to understand the revenue or sales. The expenses and profits of the organization for a period of time. Expenses - ANSWER What you have spent on non product related things Cost of Sales ...

(solved) WGU C201 Business Acumen Chapter 15 & 16 Accounting and Financial Statements – Ratios

WGU C201 Business Acumen Chapter 15 & 16: Accounting and Financial Statements, questions and answers, rated A+ Balance Sheet - -Snapshot - permanent statement, amounts are carried over from year to year, shows the firm's financial position on a particular date. Close out at end of year. Income Statement - -Video - indicates the flow of resources that reveals performance over a specific period. Also called a profit and loss statement. Statement of Owners Equity - -Shows changes ...

WGU C201 Business Acumen Chapter 15 & 16: Accounting and Financial Statements - Ratios

WGU C201 Business Acumen Chapter 15 & 16: Accounting and Financial Statements – Ratios. Exam Review, Rated A+

WGU C201 Business Acumen Chapter 15 & 16: Accounting and Financial Statements – Ratios. Exam Review, Rated A+ Current assets / current liabilities - -Current Ratio Current assets - minus inventory / current liabilities - -Acid Test (Quick) Ratio Current assets $250 Inventory $20 Current Liabilities $100 250-20=230 230/100=2.2 $2.20 assets for every $1 in liabilities Acid Test (Quick) Ratio and Current Ratio - -Liquidity Ratios Inventory Turnover, Receivables Turnover, and Tota...