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Current ratio 2.12 times Calculate SophieLex's quick ratio. (Round your answer to 2 decimal places.) Quick ratio 0.93 times Calculate SophieLex's cash ratio. (Round your
Current ratio 2.12 times Calculate SophieLex's quick ratio. (Round your answer to 2 decimal places.) Quick ratio 0.93 times Calculate SophieLex's cash ratio. (Round your answer to 2 decimal places.) Cash ratio times Chec You are evaluating the balance sheet for SophieLex's Corporation. From the balance sheet you find the following balances: cash and marketable securities = $460,000; accounts receivable = $1,080,000; inventory = $1,980,000; accrued wages and taxes = $440,000; accounts payable = $740,000; and notes payable = $480,000
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