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Q4. Based on the following statement of financial position find working capital; current ratio; quick ratio; and cash ratio Q4. Based on the following statement
Q4. Based on the following statement of financial position find working capital; current ratio; quick ratio; and cash ratio
Q4. Based on the following statement of financial position find working capital; current ratio; uick ratio; and cash ratio. Current asets: Cash Marketable surities Accoun receivable Inventories Prepaid expenses Total current assets Current lia bil ities: Notes payable Accounts payable Accrued expenses Income taxes payable Payments due within one year on long-term debt Total current liabilities S 2,100,000 7,200,000 18,000,000 11,000,000 600,000
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