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The following items are reported on a company's balance sheet: Cash $417,500 Marketable securities 326,200 Accounts receivable (net) 264,400 Inventory 296,500 593,000 Accounts payable Determine
The following items are reported on a company's balance sheet: Cash $417,500 Marketable securities 326,200 Accounts receivable (net) 264,400 Inventory 296,500 593,000 Accounts payable Determine (a) the current ratio and (b) the quick ratio. Round to one decimal place. a. Current ratio b. Quick ratio
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Acca Financial Reporting
Authors: BPP Learning Media
1st Edition
1509784888, 978-1509784882
