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Refer to the partial balance sheet presented above for Gibraltar, Inc. Compute the following liquidity ratios for 2013 and 2012. Round current ratio to two

Refer to the partial balance sheet presented above for Gibraltar, Inc. Compute the following liquidity ratios for 2013 and 2012. Round current ratio to two decimal places, and other ratios to four decimal places.

2013 2012

Current Ratio ______ ________

Quick Ratio ________ ________

Cash Ratio ________ _________

Gibraltar, Inc.
Partial Balance Sheet (in millions)
Assets (in order of liquidity): Dec. 31, 2013 Dec. 31, 2012
Cash $1,780 $1,649
Marketable securities 1,000 750
Accounts receivable 2,644 2,700
Inventories 3,010 2,950
Prepaid rent 500 500
Supplies 494 76
Total Current Assets 9,428 8,625
Liabilities (in order of magnitude):
Long-term debt 14,465 15,001
Other non-current liabilities 4,421 3,148
Long-term income taxes payable 3,504 3,543
Accounts payable 2,556 2,468
Other current liabilities 2,066 1,738
Accrued compensation and benefits 1,538 1,082
Short-term borrowing 1,200 1,126
Estimated warranty liability 793 928
Income taxes payable 658

1,142

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