Following data is extracted from balance sheet of ABC for the latest period: Cash and cash
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Question:
Following data is extracted from balance sheet of ABC for the latest period:
• Cash and cash equivalents 21,120
• Short-term investments 20,481
• Receivables 16,849
• Inventories 2,349
• Deferred income taxes 5,546
• Other current assets 23,033
• Total current assets 89,378
• Total current liabilities 80,610
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Calculate quick ratio, cash ratio, and current ratio for ABC company
Related Book For
Accounting
ISBN: 978-0324188004
21st Edition
Authors: Carl s. warren, James m. reeve, Philip e. fess
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