Question
The following items are reported on a companys balance sheet: Cash $300,000 Marketable securities 100,000 Accounts receivable 200,000 Inventory 200,000 Accounts payable 250,000 Determine the
The following items are reported on a companys balance sheet: Cash $300,000 Marketable securities 100,000 Accounts receivable 200,000 Inventory 200,000 Accounts payable 250,000 Determine the (a) current ratio and (b) quick ratio. Round your answer to one decimal place.
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Financial Accounting
Authors: Libby, Short
6th Edition
978-0073526881
