The top part of Ramakrishnan, Incorporateds 2024 and 2023 balance sheets is listed below ( in millions of dollars ) 2024 2023 2024 2023 Current assets Current liabilities Cash and marketable securities $ 74 $ 65 Accrued wages and taxes $ 52 $ 51 Accounts receivable 163 148 Accounts payable 107 96 I...

Solution To calculate the ratios we need to use the following formulas Current ratio Current assets ...

The top part of Ramakrishnan, Incorporateds 2024 and 2023 balance sheets is listed below ( in millions

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The top part of Ramakrishnan, Incorporated’s 2024 and 2023 balance sheets is listed below (in millions of dollars).

	2024	2023		2024	2023
Current assets:			Current liabilities:
Cash and marketable securities	$ 74	$ 65	Accrued wages and taxes	$ 52	$ 51
Accounts receivable	163	148	Accounts payable	107	96
Inventory	226	207	Notes payable	56	48
Total	$ 463	$ 420	Total	$ 215	$ 195

Calculate Ramakrishnan, Incorporated’s current ratio, quick ratio, and cash ratio for 2024 and 2023.

Current ratio2024times2023times

Quick ratio2024times2023

Cash ratio2024times2023times

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Posted Date: Apr 28, 2023 03:03 AM

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The top part of Ramakrishnan, Incorporateds 2024 and 2023 balance sheets is listed below ( in millions

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Solution To calculate the ratios we need to use the following formulas Current ratio Current assets ... View the full answer

Finance Applications And Theory

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