Question
Current Position Analysis The following items are reported on a company's balance sheet: Cash $225,300 Marketable securities $176,000 Accounts receivable (net) $126,700 Inventory $176,000 Accounts
Current Position Analysis
The following items are reported on a company's balance sheet:
Cash $225,300
Marketable securities $176,000
Accounts receivable (net) $126,700
Inventory $176,000
Accounts payable $440,000
Determine (a) thecurrent ratioand (b) thequick ratio. Round to one decimal place.
a.Current ratiofill in the blank 1
b.Quick ratiofill in the blank 2
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Financial Accounting
Authors: C. William Thomas, Wendy M. Tietz, Walter T. Harrison Jr.
12th edition
134725980, 9780134726656 , 978-0134725987
