Question: Hello need homework help with according please Exercise 16-28Current Ratio and Quick (Acid-Test) Ratio Jordan Company provided the following information: Current assets: Cash $12,450,000 Accounts

Hello need homework help with according please

Exercise 16-28Current Ratio and Quick (Acid-Test) Ratio

Jordan Company provided the following information:

Current assets:

Cash

$12,450,000

Accounts receivable

8,740,000

Inventories

8,150,000

Total current assets

$29,340,000

Current liabilities

$16,300,000

Required:

Note:Round answers to one decimal place.

  • 1.Compute the current ratio.
  • 2.Compute the quick (acid-test) ratio.

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