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The following items are reported on a company's balance sheet: Cash $674,600 Marketable securities 527,000 Accounts receivable (net) 498,400 Inventory 408,000 Accounts payable 680,000 Determine
The following items are reported on a company's balance sheet:
| Cash | $674,600 |
| Marketable securities | 527,000 |
| Accounts receivable (net) | 498,400 |
| Inventory | 408,000 |
| Accounts payable | 680,000 |
Determine (a) the current ratio and (b) the quick ratio. Round to one decimal place.
| a. Current ratio | fill in the blank 1 |
| b. Quick ratio | fill in the blank 2 |
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3 Column Record 100 Page Account Book
Authors: IJ Publishing LLC
Ntb Edition
1537091360, 978-1537091365
