Current position analysis Obj. 3 The following items are reported on a companys balance sheet: Cash $160,000

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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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Corporate Financial Accounting

ISBN: 9781337398176

15th Edition

Authors: Carl Warren, Jefferson Jones

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