Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

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

image text in transcribed

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 liabilities: Current assets: Cash and marketable securities Accounts receivable Inventory Total curities $1998 $138 Accounts waagab aed $ 48 150 213 $411 $ 39 135 194 $368 Accounts payable Notes payable Total $ 39 $ 38 9483 6961 $202 $182 Calculate Ramakrishnan, Inc.'s current ratio for 2021 and 2020. (Round your answers to 2 decimal places.) Current ratio times 2021 2020 times Calculate Ramakrishnan, Inc.'s quick ratio for 2021 and 2020. (Round your answers to 2 decimal places.) Quick ratio times 2021 2020 times Calculate Ramakrishnan, Inc.'s cash ratio for 2021 and 2020. (Round your answers to 2 decimal places.) Cash ratio times 2021 2020 times

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

The Complete Direct Investing Handbook

Authors: Kirby Rosplock

1st Edition

1119094712, 978-1119094715

More Books

Students also viewed these Finance questions