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Current Position Analysis The following items are reported on a company's balance sheet: Cash $400,700 Marketable securities 313,000 Accounts receivable (net) 143,000 Inventory 395,400
Current Position Analysis The following items are reported on a company's balance sheet: Cash $400,700 Marketable securities 313,000 Accounts receivable (net) 143,000 Inventory 395,400 659,000 Accounts payable Determine (a) the current ratio and (b) the quick ratio. Round your answers to one decimal place. a. Current ration b. Quick ratio
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Financial Accounting Theory and Analysis Text and Cases
Authors: Richard G. Schroeder, Myrtle W. Clark, Jack Cathey
11th edition
9781118806500, 1118582799, 1118806506, 978-1118582794
