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The following items are reported on a company's balance sheet: Cash $287,100 Marketable securities 102,900 Accounts receivable 274,600 Inventory 205,900 Accounts payable 278,200 Round your
The following items are reported on a company's balance sheet:
| Cash | $287,100 |
| Marketable securities | 102,900 |
| Accounts receivable | 274,600 |
| Inventory | 205,900 |
| Accounts payable | 278,200 |
Round your answers to two decimal places.
a. Determine the current ratio.
b. Determine the quick ratio.
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Political Standards
Authors: Karthik Ramanna
1st Edition
022652809X, 9780226528090
