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3. The following items are reported on a company's balance sheet: Cash $132,000 Marketable securities 58,000 Accounts receivable (net) 43,000 Inventory 87,000 Accounts payable
3. The following items are reported on a company's balance sheet: Cash $132,000 Marketable securities 58,000 Accounts receivable (net) 43,000 Inventory 87,000 Accounts payable 155,000 Determine the current ratio and the quick ratio. Round to one decimal place.
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Financial Accounting in an Economic Context
Authors: Jamie Pratt
8th Edition
9781118139424, 9781118139431, 470635290, 1118139429, 1118139437, 978-0470635292
