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The following items are reported on a company's balance sheet: Cash $221,900 Marketable securities 99,200 Accounts receivable 256,100 Inventory 210,400 Accounts payable 321,100 Round your
The following items are reported on a company's balance sheet:
| Cash | $221,900 |
| Marketable securities | 99,200 |
| Accounts receivable | 256,100 |
| Inventory | 210,400 |
| Accounts payable | 321,100 |
Round your answers to two decimal places.
a. Determine the current ratio.
b. Determine the quick ratio.
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Mastering SAP FICO A Comprehensive Guide To Financial Accounting And Controlling
Authors: Daniel Moussima
1st Edition
979-8859658541
