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Current Position Analysis The following items are reported on a company's balance sheet: Cash $276,000 Marketable securities 215,600 Accounts receivable (net) 174,800 Inventory 196,000 Accounts
Current Position Analysis
The following items are reported on a company's balance sheet:
| Cash | $276,000 |
| Marketable securities | 215,600 |
| Accounts receivable (net) | 174,800 |
| Inventory | 196,000 |
| Accounts payable | 392,000 |
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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Sound Investing, Chapter 10 - One-Time Charges And Other Format Fakes
Authors: Kate Mooney
2nd Edition
0071719326, 9780071719322
