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The following items are reported on a company's balance sheet: Cash $202,200 Marketable securities 93,900 Accounts receivable 261,300 Inventory 194,200 Accounts payable 330,000 Round your
The following items are reported on a company's balance sheet:
| Cash | $202,200 |
| Marketable securities | 93,900 |
| Accounts receivable | 261,300 |
| Inventory | 194,200 |
| Accounts payable | 330,000 |
Round your answers to two decimal places.
a. Determine the current ratio.
b. Determine the quick ratio.
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Financial Accounting
Authors: Paul D. Kimmel, Jerry J. Weygandt, Donald E. Kieso
7th Edition
1118725786, 978-1118725788
