The following items are reported on a companys balance sheet. Cash $440,000 marketable securities 344,300 accounts receivable
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The following items are reported on a company’s balance sheet. Cash $440,000 marketable securities 344,300 accounts receivable (net) 388,100 Inventory 204,000 accounts payable 510,000. Determine (a) the current ratio and (b) the quick ratio.
Related Book For
Intermediate Accounting
ISBN: 978-1260481952
10th edition
Authors: J. David Spiceland, James Sepe, Mark Nelson, Wayne Thomas
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