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Problem 3 - 1 Liquidity Ratios ( LG 3 - 1 ) You are evaluating the balance sheet for SophieLex's Corporation. From the balance sheet
Problem Liquidity Ratios LG
You are evaluating the balance sheet for SophieLex's Corporation. From the balance sheet you find the following balances: cash and
marketable securities $; accounts receivable $; inventory $; accrued wages and taxes $;
accounts payable $; and notes payable $
Calculate SophieLex's current ratio, quick ratio, and cash ratio.
Note: Round your answers to decimal places.
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