Determine the current ratio. Determine the quick ratio. The following items are reported on a company's
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Question:
Determine the current ratio.
Determine the quick ratio.
The following items are reported on a company's balance sheet:
Cash | $252,800 |
Marketable securities | 94,000 |
Accounts receivable | 268,400 |
Inventory | 203,400 |
Accounts payable | 329,100 |
Round your answers to two decimal places.
Related Book For
Managerial Accounting
ISBN: 978-1285866307
13th edition
Authors: Carl S. Warren, James M. Reeve, Jonathan Duchac
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