SST E 3-14

Aug 10, 2014

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SST E 3-14. MARRIOTT CASE. L/SE = 1.6185 L = 1.6185 SE By substitution, 2.6185 SE = $9,107 SE = $3,478. Current ratio = CA/CL CA = Current ratio x CL CA = 1.182 x $1,802 CA = $2,130. Acid test ratio = Quick assets/CL = Cash + Acc. & Notes Rec./CL

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SST E 3-14

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SST E 3-14

MARRIOTT CASE

L/SE = 1.6185 L = 1.6185 SE By substitution, 2.6185 SE = $9,107 SE = $3,478

Current ratio = CA/CL CA = Current ratio x CL CA = 1.182 x $1,802 CA = $2,130

Acid test ratio = Quick assets/CL = Cash + Acc. & Notes Rec./CL = ($817 + Acc. & Notes Rec.)/$1,802 = 0.7925 ($817 + Acc. & Notes Rec.)/ = 0.7925 x 1,802 = $1,428 Acc. & Notes Rec. = $1,428 – 817 = $611