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The following items are reported on a company's balance sheet: Cash $433,000 Temporary investments 338,300 Accounts receivable (net) 212,700 Inventory 369,000 Accounts payable 615,000 Determine
The following items are reported on a company's balance sheet:
Cash | $433,000 |
Temporary investments | 338,300 |
Accounts receivable (net) | 212,700 |
Inventory | 369,000 |
Accounts payable | 615,000 |
Determine (a) the A financial ratio that is computed by dividing current assets by current liabilities.current ratio and (b) the A financial ratio that measures the ability to pay current liabilities with quick assets (cash, marketable securities, accounts receivable).quick ratio. Round to one decimal place.
a. Current ratio | |
b. Quick ratio |
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