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Current Position Analysis The following items are reported on a company's balance sheet: Cash $733,900 Marketable securities 573,400 Accounts receivable (net) 569,200 Inventory 417,000 Accounts
Current Position Analysis The following items are reported on a company's balance sheet: Cash $733,900 Marketable securities 573,400 Accounts receivable (net) 569,200 Inventory 417,000 Accounts payable 695,000 Determine (a) the current ratio and (b) the quick ratio. Round to one decimal place. a. Current ratio b. Quick ratio Accounts Receivable Analysis A company reports the following: Sales $275,940 Average accounts receivable (net) 39,420 Determine (a) the accounts receivable turnover and (b) the number of days' sales in receivables. Round interim calculations to the nearest dollar and final answers to one decimal place. Assume a 365-day year. a. Accounts receivable turnover b. Number of days' sales in receivables days Times interest earned A company reports the following: Income before income tax expense $3,458,000 Interest expense 140,000 Determine the times interest earned. Round to one decimal plac
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