A company has $200 in cash, $500 in accounts receivable, $700 in inventory, and $400 in current

Question:

A company has $200 in cash, $500 in accounts receivable, $700 in inventory, and $400 in current liabilities.

Required:
1. What is its current ratio?
2. What is its quick ratio?
3. What is its cash ratio?

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Cornerstones of Financial and Managerial Accounting

ISBN: 978-0324787351

1st Edition

Authors: Rich Jones, Mowen, Hansen, Heitger

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Question Posted: Jul 23, 2012 03:19 AM

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A company has $200 in cash, $500 in accounts receivable, $700 in inventory, and $400 in current

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1 Current Ratio Current AssetsCurrent Liabilities 200 500 7...View the full answer

Cornerstones of Financial and Managerial Accounting

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