The following items are reported on a company's balance sheet: Cash...........................$160,000 Marketable securities...........75,000 Accounts receivable (net)......65,000 Inventory.......................140,000
Question:
Cash...........................$160,000
Marketable securities...........75,000
Accounts receivable (net)......65,000
Inventory.......................140,000
Accounts payable.............200,000
Determine (a) the current ratio and (b) the quick ratio. Round to one decimal place.
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Related Book For 
Managerial Accounting
ISBN: 978-1285866307
13th edition
Authors: Carl S. Warren, James M. Reeve, Jonathan Duchac
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