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The following items are reported on a company's balance sheet: Cash $283,200 Marketable securities 93,700 Accounts receivable 240,500 Inventory 189,900 Accounts payable 279,100 Round your
The following items are reported on a company's balance sheet:
| Cash | $283,200 |
| Marketable securities | 93,700 |
| Accounts receivable | 240,500 |
| Inventory | 189,900 |
| Accounts payable | 279,100 |
Round your answers to two decimal places.
a. Determine the current ratio.
b. Determine the quick ratio.
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Financial Accounting
Authors: Strayer University
1st Edition
0470603526, 978-0470603529
