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Current Ratio and Quick (Acid-Test) Ratio Jordan Company provided the following information: Note: Round answers to one decimal place Current Ratio and Quick (Acid-Test) Ratio

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Current Ratio and Quick (Acid-Test) Ratio Jordan Company provided the following information: Note: Round answers to one decimal place

Current Ratio and Quick (Acid-Test) Ratio Jordan Company provided the following information: Current assets: Cash Accounts receivable Inventories Total current assets Current liabilities Required: Note: Round answers to one decimal place. 1. Compute the current ratio. 2. Compute the quick (acid-test) ratio.

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