Problem 3-2 Liquidity Ratios (LG3-1)

The top part of Ramakrishnan, Inc.s 2018 and 2017 balance sheets is listed below (in millions of dollars).

	2018				2017					2018				2017
Current assets:									Current liabilities:
Cash and marketable securities	$	44			$	35			Accrued wages and taxes	$	37			$	36
Accounts receivable		148				133			Accounts payable		92				81
Inventory		211				192			Notes payable		71				63
Total	$	403			$	360			Total	$	200			$	180

Calculate Ramakrishnan, Inc.s current ratio for 2018 and 2017. (Round your answers to 2 decimal places.)

Calculate Ramakrishnan, Inc.s quick ratio for 2018 and 2017. (Round your answers to 2 decimal places.)

Calculate Ramakrishnan, Inc.s cash ratio for 2018 and 2017. (Round your answers to 2 decimal places.)