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The following items are reported on a company's balance sheet: Cash $325,100 Marketable securities 254,000 Accounts receivable (net) 182,900 Inventory 254,000 Accounts payable 635,000 Determine
The following items are reported on a company's balance sheet:
| Cash | $325,100 |
| Marketable securities | 254,000 |
| Accounts receivable (net) | 182,900 |
| Inventory | 254,000 |
| Accounts payable | 635,000 |
Determine (a) the current ratio and (b) the quick ratio. Round your answers to one decimal place.
| a. Current ratio | fill in the blank 1 |
| b. Quick ratio | fill in the blank 2 |
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Data Analytics Using Microsoft Excel With Accounting And Finance Datasets Version 2.0
Authors: Joseph M. Manzo
1st Edition
1453395210, 9781453395219
