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need ratios You are evaluating the balance sheet for Goodman's Bees Corporation. From the balance sheet you find the following balances: cash and marketable securities
need ratios
You are evaluating the balance sheet for Goodman's Bees Corporation. From the balance sheet you find the following balances: cash and marketable securities - $400,000; accounts receivable = $1,200,000; Inventory - $2,100,000; accrued wages and taxes $500,000: accounts payable - $800,000; and notes payable - $600,000 Calculate Goodman Bees' current ratio. (Round your answer to 2 decimal places.) Current ratio times Calculate Goodman Bees quick ratio. (Round your answer to 2 decimal places.) Quick ratio times Calculate Goodman Bees' cash ratio. (Round your answer to 2 decimal places.) Cash ratio times Step by Step Solution
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