Question
Presented below is information related to Inanna Company. Current Assets Cash 29,300 Short-term Investments 47,400 Accounts Receivable 52,100 Inventories 86,700 Prepaid Expenses 23,700 Total Current
Presented below is information related to Inanna Company.
| Current Assets | |||
| Cash | 29,300 | ||
| Short-term Investments | 47,400 | ||
| Accounts Receivable | 52,100 | ||
| Inventories | 86,700 | ||
| Prepaid Expenses | 23,700 | ||
| Total Current Assets | 239,200 | ||
Current liabilities are $73,600. What are (1) the quick ratio and (2) the current ratio? Must write in ratio name with the ratio.
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Horngrens Financial And Managerial Accounting The Managerial Chapters And The Financial Chapters Plus Pearson Mylab Accounting With Pearson Global Edition
Authors: Tracie L. Miller Nobles, Brenda L. Mattison, Ella Mae Matsumura
6th Global Edition
1292270756, 978-1292270753
