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17.3 Current Position Analysis The following items are reported on a company's balance sheet: Cash $524,200 Marketable securities 409,500 Accounts receivable (net) 326,300 Inventory 378,000
17.3 
Current Position Analysis The following items are reported on a company's balance sheet: Cash $524,200 Marketable securities 409,500 Accounts receivable (net) 326,300 Inventory 378,000 Accounts payable 630,000 Determine (a) the current ratio and (b) the quick ratio. Round your answers to one decimal place. a. Current ratio b. Quick ratio Step by Step Solution
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Principles Of Cost Accounting
Authors: Robert E. Schmiedicke, Edward J. Vanderbeck
11th Edition
0538873426, 978-0538873420
