Question
The following items are reported on a company's balance sheet: Cash. $446,400 Marketable securities 348,800 Accounts receivable (net). 265,000 Inventory. 334,800 Accounts payable 558,000 Determine
The following items are reported on a company's balance sheet:
Cash. $446,400
Marketable securities 348,800
Accounts receivable (net). 265,000
Inventory. 334,800
Accounts payable 558,000
Determine (a) thecurrent ratioand (b) thequick ratio. Round to one decimal place.
a.Current ratio
b.Quick ratio
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Accounting Information Systems Controls and Processes
Authors: Leslie Turner, Andrea Weickgenannt, Mary Kay Copeland
3rd edition
1119329566, 1119329565, 1119386179, 1119302110, 9781119302117 , 978-1119329565
