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Current Position Analysis The following items are reported on a company's balance sheet: Cash $243,100 Marketable securities 189,900 Accounts receivable (net) 200,000 Inventory 126,600 Accounts
Current Position Analysis The following items are reported on a company's balance sheet: Cash $243,100 Marketable securities 189,900 Accounts receivable (net) 200,000 Inventory 126,600 Accounts payable 422,000 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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Cornerstones of Financial Accounting
Authors: Jay Rich, Jeff Jones
4th edition
978-1337690881, 9781337669450, 1337690880, 1337690899, 1337669458, 978-1337690898
