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The following items are reported on a company's balance sheet: Cash $478,700 Marketable securities 374,000 Accounts receivable (net) 379,300 Inventory 264,000 Accounts payable 440,000 Determine
The following items are reported on a company's balance sheet:
| Cash | $478,700 |
| Marketable securities | 374,000 |
| Accounts receivable (net) | 379,300 |
| Inventory | 264,000 |
| Accounts payable | 440,000 |
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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Blood Audit
Authors: Edward S Blythe
1st Edition
1480180394, 978-1480180390
