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The following items are reported on a company's balance sheet: Cash $247,900 Marketable securities 88,000 Accounts receivable 261,900 Inventory 192,700 Accounts payable 278,100 Round your
The following items are reported on a company's balance sheet:
| Cash | $247,900 |
| Marketable securities | 88,000 |
| Accounts receivable | 261,900 |
| Inventory | 192,700 |
| Accounts payable | 278,100 |
Round your answers to two decimal places.
a. Determine the current ratio.
b. Determine the quick ratio.
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Fundamentals Of Cost Accounting
Authors: T.R.Sikka
7th Edition
8130918706, 978-8130918709
