Question
The following items are reported on a company's balance sheet: Cash $210,000 Marketable securities 120,000 Accounts receivable (net) 110,000 Inventory 160,000 Accounts payable 200,000 Determine
The following items are reported on a company's balance sheet:
Cash $210,000
Marketable securities 120,000
Accounts receivable (net) 110,000
Inventory 160,000
Accounts payable 200,000
Determine (a) thecurrent ratioand (b) thequick ratio. Round your answers to one decimal place.
a.Current ratio - _____________
b.Quick ratio - ______________
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Management and Cost Accounting
Authors: Colin Drury
10th edition
1473748873, 9781473748910 , 1473748917, 978-1473748873
