Question 2: The following items are reported on a company's balance sheet: Cash $365,200 Marketable securities 285,300
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Question 2:
The following items are reported on a company's balance sheet:
| Cash | $365,200 |
| Marketable securities | 285,300 |
| Accounts receivable (net) | 173,700 |
| Inventory | 317,000 |
| Accounts payable | 634,000 |
Determine (a) the current ratio and (b) the quick ratio. Round to one decimal place.
| a. Current ratio | |
| b. Quick ratio |
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