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Current Position Analysis The following items are reported on a company's balance sheet: Cash Marketable securities $293,000 228,900 Accounts receivable (net) 219,300 Inventory Accounts payable
Current Position Analysis The following items are reported on a company's balance sheet: Cash Marketable securities $293,000 228,900 Accounts receivable (net) 219,300 Inventory Accounts payable 174,400 436,000 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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Managerial Accounting Strayer University
Authors: Strayer University
3rd Custom Edition
0077234804, 978-0077234805
