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Problem 3-2 Liquidity Ratios (LG1) The top part of Ramakrishnan, Inc.'s, 2012 and 2011 balance sheets is listed below (in millions of dollars) 2012 2011
Problem 3-2 Liquidity Ratios (LG1) The top part of Ramakrishnan, Inc.'s, 2012 and 2011 balance sheets is listed below (in millions of dollars) 2012 2011 2012 2011 Current assets Current liabilities Cash and marketable securities Accounts receivable Inventory 143 206 34 $ 25 128 187 Accounts payable Notes payable Accrued wages and taxes $ 32 $ 31 76 68 87 76 Total $ 383 $ 340 Total $ 195 $ 175 Calculate Ramakrishnan, Inc.'s current ratio for 2012 and 2011. (Round your answers to 2 decimal places.) Current ratio 2012 times 2011 times Calculate Ramakrishnan, Inc.'s, quick ratio for 2012 and 2011. (Round your answers to 2 decimal places.) Quick ratio 2012 times 2011 times Calculate Ramakrishnan, Inc.'s, cash ratio for 2012 and 2011. (Round your answers to 2 decimal places.) Cash ratio 2012 times 2011 times
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