(Related to Checkpoint 4.1) (Liquidity analysis) The most recent balance sheet of Raconteurs, Inc., (in millions)...
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(Related to Checkpoint 4.1) (Liquidity analysis) The most recent balance sheet of Raconteurs, Inc., (in millions) is found here: a. Calculate Raconteurs' current ratio and acid-test (quick) ratio. b. Benchmark ratios for the current and acid-test (quick) ratio are 1.47 and 1.23, respectively. What can you say about the liquidity of Raconteur's operations based on these two ratios? a. Calculate Raconteurs' current ratio and acid-test (quick) ratio. Raconteurs' current ratio is (Round to two decimal places.). Data table Current assets Cash and marketable securities $9.6 Accounts receivable $40.4 Inventory $60.4 Total current assets $110.4 Current liabilities Accrued wages and taxes $4.8 Accounts payable $35.7 Notes payable $29.6 Total current liabilities $70.1 (Click on the icon in order to copy its contents into a spreadsheet.) Done - (Related to Checkpoint 4.1) (Liquidity analysis) The most recent balance sheet of Raconteurs, Inc., (in millions) is found here: a. Calculate Raconteurs' current ratio and acid-test (quick) ratio. b. Benchmark ratios for the current and acid-test (quick) ratio are 1.47 and 1.23, respectively. What can you say about the liquidity of Raconteur's operations based on these two ratios? a. Calculate Raconteurs' current ratio and acid-test (quick) ratio. Raconteurs' current ratio is (Round to two decimal places.). Data table Current assets Cash and marketable securities $9.6 Accounts receivable $40.4 Inventory $60.4 Total current assets $110.4 Current liabilities Accrued wages and taxes $4.8 Accounts payable $35.7 Notes payable $29.6 Total current liabilities $70.1 (Click on the icon in order to copy its contents into a spreadsheet.) Done -
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