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The following items are reported on a company's balance sheet: Cash $276,600 Marketable securities 106,100 Accounts receivable 242,200 Inventory 190,900 Accounts payable 285,600 Round your
The following items are reported on a company's balance sheet:
| Cash | $276,600 |
| Marketable securities | 106,100 |
| Accounts receivable | 242,200 |
| Inventory | 190,900 |
| Accounts payable | 285,600 |
Round your answers to two decimal places.
a. Determine the current ratio.
b. Determine the quick ratio.
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Accounting Tools For Business Decision Making
Authors: Paul D. Kimmel, Jerry J. Weygandt, Donald E. Kieso
4th Edition
0470534788, 978-0470534786
