The top part of Ramakrishnan, Inc,s 2015 and 2014 balance sheets is listed as follows (in millions
Question:
The top part of Ramakrishnan, Inc,’s 2015 and 2014 balance sheets is listed as follows (in millions of dollars).
Calculate Ramakrishnan, Inc.’s current ratio, quick ratio, and cash ratio for 2015 and2014.
Transcribed Image Text:
2015 2014 Current liabilities 2015 2014 $ 34 25 206 187 Notespayable Current assets: Cash andmarketable Accrued wages and $ 32 31 Accountsreceivable 43 12 Accounts payable 87 76 76 68 $195 $175 secunties taxes Inventory Total $383 S340 Total
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Related Book For
Finance Applications and Theory
ISBN: 978-0077861681
3rd edition
Authors: Marcia Cornett, Troy Adair
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