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The following items are reported on a company's balance sheet: Cash $348,200 Marketable securities 272,000 Accounts receivable (net) 307,800 Inventory 160,000 Accounts payable 320,000 Determine
The following items are reported on a company's balance sheet:
| Cash | $348,200 |
| Marketable securities | 272,000 |
| Accounts receivable (net) | 307,800 |
| Inventory | 160,000 |
| Accounts payable | 320,000 |
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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Annual Independent Audits And Reporting Requirements US Federal Deposit Insurance Corporation Regulation FDIC
Authors: The Law Library
2018 Edition
1727250419, 978-1727250411
