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The following items are reported on a company's balance sheet: Cash Marketable securities $325,700 254,500 Accounts receivable (net) 286,900 Inventory Accounts payable 150,800 377,000
The following items are reported on a company's balance sheet: Cash Marketable securities $325,700 254,500 Accounts receivable (net) 286,900 Inventory Accounts payable 150,800 377,000 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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Managerial Accounting
Authors: Carl S. Warren, James M. Reeve, Jonathan Duchac
13th edition
978-1285868806, 1285868803, 978-1305691254, 978-1305465640, 1305465644, 978-1285866307
