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Current position analysis The following items are reported on a company's balance sheet: Cash Marketable securities $416,700 325,500 Accounts receivable (net) 335,400 Inventory 224,500
Current position analysis The following items are reported on a company's balance sheet: Cash Marketable securities $416,700 325,500 Accounts receivable (net) 335,400 Inventory 224,500 Accounts payable 449,000 Determine (a) the current ratio and (b) the quick ratio. Round your answers to one decimal place. a. Current ratio b. Quick ratio
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Intermediate Accounting
Authors: Donald E. Kieso, Jerry J. Weygandt, Terry D. Warfield, Nicola M. Young, Irene M. Wiecek, Bruce J. McConomy
10th Canadian Edition Volume 2
1118300858, 978-1118300855
