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Current Position Analysis The following items are reported on a company's balance sheet: Cash $201,200 Marketable securities 157,200 Accounts receivable (net) 135,500 Inventory 134,700 Accounts
Current Position Analysis
The following items are reported on a company's balance sheet:
| Cash | $201,200 |
| Marketable securities | 157,200 |
| Accounts receivable (net) | 135,500 |
| Inventory | 134,700 |
| Accounts payable | 449,000 |
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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College Accounting Ch 1-12
Authors: Dansby
5th Edition
0763834955, 978-0763834951
