The following items are reported on a companys balance sheet. Cash $440,000 marketable securities 344,300 accounts receivable

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The following items are reported on a company’s balance sheet. Cash $440,000 marketable securities 344,300 accounts receivable (net) 388,100 Inventory 204,000 accounts payable 510,000. Determine (a) the current ratio and (b) the quick ratio.

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Intermediate Accounting

ISBN: 978-1260481952

10th edition

Authors: J. David Spiceland, James Sepe, Mark Nelson, Wayne Thomas

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Posted Date: Oct 13, 2023 01:41 AM

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The following items are reported on a companys balance sheet. Cash $440,000 marketable securities 344,300 accounts receivable

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To calculate the current ratio and quick ratio youll need to use the following formulas Curren... View the full answer

Intermediate Accounting

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