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Current Position Analysis The following items are reported on a company's balance sheet: Cash $245,000 Temporary investments 191,400 Accounts receivable (net) 87,500 Inventory 241,800 Accounts
Current Position Analysis
The following items are reported on a company's balance sheet:
| Cash | $245,000 |
| Temporary investments | 191,400 |
| Accounts receivable (net) | 87,500 |
| Inventory | 241,800 |
| Accounts payable | 403,000 |
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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Quality And GMP Auditing Clear And Simple
Authors: James L. Vesper
1st Edition
0367400901, 978-0367400903
