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Problem 3-2 Liquidity Ratios (LG3-1) The top part of Ramakrishnan, Inc.'s 2021 and 2020 balance sheets is listed below (in millions of dollars). 2021 2020
Problem 3-2 Liquidity Ratios (LG3-1) The top part of Ramakrishnan, Inc.'s 2021 and 2020 balance sheets is listed below (in millions of dollars). 2021 2020 2021 2020 Current assets: Cash and marketable securities Accounts receivable Inventory Total $ 60 156 219 $ 435 $ 45 100 Current liabilities: Accrued wages and taxes Accounts payable Notes payable Total $ 51 141 200 $392 $ 44 89 55 63 $ 208 $ 188 Calculate Ramakrishnan, Inc.'s current ratio for 2021 and 2020. (Round your answers to 2 decimal places.) Current ratio 2021 2020 times times Calculate Ramakrishnan, Inc.'s quick ratio for 2021 and 2020. (Round your answers to 2 decimal places.) Quick ratio 2021 times times 2020 Calculate Ramakrishnan, Inc.'s cash ratio for 2021 and 2020. (Round your answers to 2 decimal places.) Cash ratio 2021 times 2020 times
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