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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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