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The fiscal year-end balance sheet for Monsoon Market reports the following data (in millions). What is the companys quick ratio? Cash and cash equivalents Marketable
The fiscal year-end balance sheet for Monsoon Market reports the following data (in millions). What is the companys quick ratio?
Cash and cash equivalents | Marketable securities | Accounts receivable | Merchandise inventories | Current assets | Current liabilities |
$370 | $380 | $218 | $580 | $1,906 | $1,369 |
*round your answer to two decimal places (eg: 1.23, 0.12)
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