Question
The following items are reported on a company's balance sheet: Cash $320,000 Marketable securities 170,000 Accounts receivable (net) 140,000 Inventory 450,000 Accounts payable 300,000 Determine
The following items are reported on a company's balance sheet:
Cash $320,000
Marketable securities 170,000
Accounts receivable (net) 140,000
Inventory 450,000
Accounts payable 300,000
Determine (a) the current ratio and (b) the quick ratio. Round your answers to one decimal place
A. Current Ratio =
B. Quick Ratio =
The following items are reported on a company's balance sheet:
Cash $320,000
Marketable securities 170,000
Accounts receivable (net) 140,000
Inventory 450,000
Accounts payable 300,000
Determine (a) the current ratio and (b) the quick ratio. Round your answers to one decimal place
A. Current Ratio =
B. Quick Ratio =
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Basic Business Statistics Concepts And Applications
Authors: Mark L. Berenson, David M. Levine, Timothy C. Krehbiel
12th Edition
9780132168380
