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10. The following items are reported on a company's balance sheet: Cash $257,400 Marketable securities 201,100 Accounts receivable (net) 230,900 Inventory 114,900 Accounts payable 383,000
10. The following items are reported on a company's balance sheet: Cash $257,400 Marketable securities 201,100 Accounts receivable (net) 230,900 Inventory 114,900 Accounts payable 383,000 Determine (a) the current ratio and (b) the quick ratio. Round to one decimal place. a. Current ratio b. Quick ratio
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