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The following items are reported on a company's balance sheet: Cash $416,800 Marketable securities 325,700 Accounts receivable (net) 409,800 Inventory 150,300 Accounts payable 501,000 Determine
The following items are reported on a company's balance sheet:
| Cash | $416,800 |
| Marketable securities | 325,700 |
| Accounts receivable (net) | 409,800 |
| Inventory | 150,300 |
| Accounts payable | 501,000 |
Determine (a) the current ratio and (b) the quick ratio. Round to one decimal place.
| a. Current ratio | fill in the blank 1 |
| b. Quick ratio | fill in the blank 2 |
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E Commerce Operational Aspects Accounting Auditing And Taxation Issues
Authors: Lata Sharma
1st Edition
8177084097, 978-8177084092
