Question
Given the following information, compute the current and quick ratios: Cash$100,000 Accounts receivable 377,000 Inventory 453,000 Current liabilities 458,000 Long-term debt 654,000 Equity 616,000 Round
Given the following information, compute the current and quick ratios:
Cash$100,000
Accounts receivable 377,000
Inventory 453,000
Current liabilities 458,000
Long-term debt 654,000
Equity 616,000
Round your answers to two decimal places.
Current ratio: :1
Quick ratio:: 1
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Financial Management Core Concepts
Authors: Raymond M Brooks
3rd edition
133866696, 978-0133866698
