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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Financial And Managerial Accounting

ISBN: 9781305267831,9781305267848

13th Edition

Authors: Carl S. Warren , James M. Reeve , Jonathan Duchac

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