Current position analysis Obj. 3 The following items are reported on a companys balance sheet: Cash $160,000
Question:
Current position analysis Obj. 3 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 Accounts payable 200,000 Determine
(a) the current ratio and
(b) the quick ratio. Round to one decimal place.
AppendixLO1
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Related Book For
Corporate Financial Accounting
ISBN: 9781337398176
15th Edition
Authors: Carl Warren, Jefferson Jones
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