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Current Position Analysis The following items are reported on a company's balance sheet: Cash $525,100 Marketable securities 410,300 Accounts receivable (net) 432,100 Inventory 273,500 Accounts
Current Position Analysis
The following items are reported on a company's balance sheet:
| Cash | $525,100 |
| Marketable securities | 410,300 |
| Accounts receivable (net) | 432,100 |
| Inventory | 273,500 |
| Accounts payable | 547,000 |
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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Cost And Management Audit
Authors: Dr Veena Soni
1st Edition
6202551992, 978-6202551991
