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The following items are reported on a company's balance sheet: Cash $284,800 Marketable securities 222,500 Accounts receivable (net) 204,700 Inventory 178,000 Accounts payable 356,000 Determine
The following items are reported on a company's balance sheet:
| Cash | $284,800 |
| Marketable securities | 222,500 |
| Accounts receivable (net) | 204,700 |
| Inventory | 178,000 |
| Accounts payable | 356,000 |
Determine (a) the current ratio and (b) the quick ratio. Round to one decimal place.
| a. Current ratio | |
| b. Quick ratio |
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Accounting The Ultimate Guide To Accounting For Beginners
Authors: Greg Shields
1st Edition
1546332820, 978-1546332824
