Question: Using horizontal analysis, show the percentage change and direction (increase or decrease) from Year 1 to Year 2 with Year 1 as the base year.

Using horizontal analysis, show the percentage change and direction (increase or decrease) from Year 1 to Year 2 with Year 1 as the base year.

33. The following items are reported on a companys balance sheet: (8 points)

Cash

$230,000

Marketable securities

50,000

Accounts receivable

200,000

Inventory

240,000

Accounts payable

300,000

Determine the (a) current ratio and (b) quick ratio. Round your answers to one decimal place.

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