Current position analysis OBJ. 2 The following items are reported on a companys balance sheet: Cash $210,000
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Current position analysis OBJ. 2 The following items are reported on a company’s balance sheet:
Cash $210,000 Marketable securities 120,000 Accounts receivable (net) 110,000 Inventory 160,000 Accounts payable 200,000 Determine
(a) the current ratio and
(b) the quick ratio. Round to one decimal place.
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Related Book For 
Financial And Managerial Accounting
ISBN: 9781305267831,9781305267848
13th Edition
Authors: Carl S. Warren , James M. Reeve , Jonathan Duchac
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