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A company has the following items for the fiscal year 2020: Cash & cash equivalent = 2 million Short-term securities = 3 million Account receivables
- A company has the following items for the fiscal year 2020:
- Cash & cash equivalent = 2 million
- Short-term securities = 3 million
- Account receivables (A/R) = 1.5 million
- Inventory = 8.5 million
- Total current liabilities = 8 million
Calculate the companys current ratio and quick ratio (You need to show (1) the formula and (2) your calculation process.)
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