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The following items are reported on a company's balance sheet: Cash $220,800 Marketable securities 93,500 Accounts receivable 261,600 Inventory 220,500 Accounts payable 278,500 Round
The following items are reported on a company's balance sheet: Cash $220,800 Marketable securities 93,500 Accounts receivable 261,600 Inventory 220,500 Accounts payable 278,500 Round your answers to two decimal places. a. Determine the current ratio. b. Determine the quick ratio.
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Intermediate Accounting
Authors: Donald E. Kieso, Jerry J. Weygandt, Terry D. Warfield
16th edition
1118742974, 978-1118743201, 1118743202, 978-1118742976
