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Jordan Company provided the following information: An account shows the following information: Current assets: Cash, $12,450,000, Accounts receivable, 8,740,000, Inventories, 8,150,000, Total current assets,
Jordan Company provided the following information: An account shows the following information: Current assets: Cash, $12,450,000, Accounts receivable, 8,740,000, Inventories, 8,150,000, Total current assets, $29,340,000, Current liabilities, $16,300,000 Required: Note: Round answers to one decimal place. Compute the current ratio. Compute the quick (acid-test) ratio (Ctrl)-
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