Question
Problem 3-2 Liquidity Ratios (LG3-1) The top part of Ramakrishnan, Inc,s 2015 and 2014 balance sheets is listed below (in millions of dollars). 2015 2014
Problem 3-2 Liquidity Ratios (LG3-1) The top part of Ramakrishnan, Inc,s 2015 and 2014 balance sheets is listed below (in millions of dollars). 2015 2014 2015 2014 Current assets: Current liabilities: Cash and marketable securities $ 38 $ 29 Accrued wages and taxes $ 34 $ 33 Accounts receivable 145 130 Accounts payable 89 78 Inventory 208 189 Notes payable 74 66 Total $ 391 $ 348 Total $ 197 $ 177 Calculate Ramakrishnan, Inc.s current ratio for 2015 and 2014. (Round your answers to 2 decimal places.) Current ratio 2015 times 2014 times Calculate Ramakrishnan, Inc.s quick ratio for 2015 and 2014. (Round your answers to 2 decimal places.) Quick ratio 2015 times 2014 times Calculate Ramakrishnan, Inc.s cash ratio for 2015 and 2014. (Round your answers to 2 decimal places.) Cash ratio 2015 times 2014 times
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