Question: 1. 53.00 points value You are evaluating the balance sheet for Patty Cake's Corporation. From the balance sheet you find the ble securities $380,000; accounts

1. 53.00 points value You are evaluating the balance sheet for

Patty Cake's Corporation. From the balance sheet you find the ble securities

$380,000; accounts receivable $1,240,000; llowing balances. cash and marketable securities $380,000; accounts

receivable inventory = $2,140,000; accrued wages and taxes-$520,000, accounts payable $820,000, and

notes payable = $640,000. Calculate PattyCakes' current ratio. (Round your answer to

1. 53.00 points value You are evaluating the balance sheet for Patty Cake's Corporation. From the balance sheet you find the ble securities $380,000; accounts receivable $1,240,000; llowing balances. cash and marketable securities $380,000; accounts receivable inventory = $2,140,000; accrued wages and taxes-$520,000, accounts payable $820,000, and notes payable = $640,000. Calculate PattyCakes' current ratio. (Round your answer to 2 decimal places.) times Calculate PattyCakes' quick ratio. (Round your answer to 2 decimal places.) times Calculate PattyCakes' cash ratio. (Round your answer to 2 decimal places.) Current ratio Quick ratio Cash ratio times

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