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Current Position Analysis The following items are reported on a company's balance sheet: Cash $247,700 Marketable securities 193,500 Accounts receivable (net) 178,000 Inventory 154,800 Accounts
Current Position Analysis
The following items are reported on a company's balance sheet:
| Cash | $247,700 |
| Marketable securities | 193,500 |
| Accounts receivable (net) | 178,000 |
| Inventory | 154,800 |
| Accounts payable | 387,000 |
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 Decision Making and Motivating Performance
Authors: Srikant M. Datar, Madhav V. Rajan
1st edition
132816245, 9780132816243, 978-0137024872
