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Current Position Analysis The following items are reported on a company's balance sheet: Cash $454,700 Marketable securities 355,200 Accounts receivable (net) 477,700 Inventory 133,200 Accounts
Current Position Analysis
The following items are reported on a company's balance sheet:
| Cash | $454,700 |
| Marketable securities | 355,200 |
| Accounts receivable (net) | 477,700 |
| Inventory | 133,200 |
| Accounts payable | 444,000 |
Determine (a) the current ratio and (b) the quick ratio. Round to one decimal place.
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Statistical Techniques For Forensic Accounting Understanding The Theory And Application Of Data Analysis
Authors: Saurav K. Dutta
1st Edition
0133133818, 9780133133813
