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Current Position Analysis The following items are reported on a company's balance sheet: Cash $404,100 Marketable securities 315,700 Accounts receivable (net) 362,600 Inventory 180,400 Accounts
Current Position Analysis The following items are reported on a company's balance sheet: Cash $404,100 Marketable securities 315,700 Accounts receivable (net) 362,600 Inventory 180,400 Accounts payable 451,000 Determine (a) the current ratio and (b) the quick ratio. Round to one decimal place. a. Current ratio fill in the blank 1 b. Quick ratio fill in the blank 2
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Financial Accounting
Authors: Carl S. Warren, James M. Reeve, Jonathan Duchac
10th Edition
0324380674, 978-0324380675
