Question
The following items are reported on a company's balance sheet: Cash $217,700 Marketable securities 97,400 Accounts receivable 242,400 Inventory 193,900 Accounts payable 285,400 Round your
The following items are reported on a company's balance sheet:
| Cash | $217,700 |
| Marketable securities | 97,400 |
| Accounts receivable | 242,400 |
| Inventory | 193,900 |
| Accounts payable | 285,400 |
Round your answers to two decimal places.
a. Determine the current ratio.
b. Determine the quick ratio.
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Cognitive Hack The New Battleground In Cybersecurity The Human Mind Internal Audit And IT Audit
Authors: James Bone
1st Edition
0367567962, 978-0367567965
