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he top part of Ramakrishnan, Inc,s 2015 and 2014 balance sheets is listed below (in millions of dollars). 2015 2014 2015 2014 Current assets: Current
he top part of Ramakrishnan, Inc,s 2015 and 2014 balance sheets is listed below (in millions of dollars).
2015 | 2014 | 2015 | 2014 | |||||||||||||
Current assets: | Current liabilities: | |||||||||||||||
Cash and marketable securities | $ | 40 | $ | 31 | Accrued wages and taxes | $ | 35 | $ | 34 | |||||||
Accounts receivable | 146 | 131 | Accounts payable | 90 | 79 | |||||||||||
Inventory | 209 | 190 | Notes payable | 73 | 65 | |||||||||||
Total | $ | 395 | $ | 352 | Total | $ | 198 | $ | 178 | |||||||
Calculate Ramakrishnan, Inc.s current ratio for 2015 and 2014. (Round your answers to 2 decimal places.) |
Current ratio | |
2015 | times |
2014 | times |
Calculate Ramakrishnan, Inc.s quick ratio for 2015 and 2014. (Round your answers to 2 decimal places.) |
Quick ratio | |
2015 | times |
2014 | times |
Calculate Ramakrishnan, Inc.s cash ratio for 2015 and 2014. (Round your answers to 2 decimal places.) |
Cash ratio | |
2015 | times |
2014 | times |
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