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The following items are reported on a company's balance sheet: Cash Marketable securities Accounts receivable Inventory Accounts payable $217,100 110,000 248,900 195,900 305,900 Determine (a)
The following items are reported on a company's balance sheet: Cash Marketable securities Accounts receivable Inventory Accounts payable $217,100 110,000 248,900 195,900 305,900 Determine (a) the current ratio and (b) the quick ratio. Round your answers to two decimal places. a. Current ratio b. Quick ratio
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Managerial Accounting
Authors: Carl S. Warren, James M. Reeve, Jonathan Duchac
13th edition
978-1285866307
