The following items are reported on a company's balance sheet: Cash $214,900 Marketable securities101,700 Accounts receivable248,800 Inventory199,800

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The following items are reported on a company's balance sheet:

Cash $214,900

Marketable securities 101,700

Accounts receivable 248,800

Inventory 199,800

Accounts payable 310,500

Determine (a) the current ratio and (b) the quick ratio

Related Book For answer-question

Income Tax Fundamentals 2013

ISBN: 9781285586618

31st Edition

Authors: Gerald E. Whittenburg, Martha Altus Buller, Steven L Gill

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Posted Date: Dec 14, 2023 12:19 AM

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The following items are reported on a company's balance sheet: Cash $214,900 Marketable securities101,700 Accounts receivable248,800 Inventory199,800

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Income Tax Fundamentals 2013

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