The following items are reported on a companys balance sheet: Cash $140,000 Temporary investments 60,000 Accounts receivable
Question:
Cash $140,000
Temporary investments 60,000
Accounts receivable (net) 40,000
Inventory 80,000
Accounts payable 160,000
Determine
(a) The current ratio and
(b) The quick ratio. Round to one decimal place
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a b Current Assets Cash Temporary investments Accounts recei...View the full answer
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Related Book For 
Accounting
ISBN: 978-0324662962
23rd Edition
Authors: Jonathan E. Duchac, James M. Reeve, Carl S. Warren
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