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The following items are reported on a company's balance sheet: Cash $295,100 102,700 Marketable securities Accounts receivable 256,100 Inventory 190,800 Accounts payable 284,000 Round your
The following items are reported on a company's balance sheet: Cash $295,100 102,700 Marketable securities Accounts receivable 256,100 Inventory 190,800 Accounts payable 284,000 Round your answers to two decimal places. a. Determine the current ratio. b. Determine the quick ratio. Production and sales estimates for March for the Robin Co. are as follows: 17,900 Estimated inventory (units), March 1 Desired inventory (unit), March 31 19,600 Expected sales volume (units): Area M 6,100 Area L 9,000 Area O 7,700 Unit sales price $17 The number of units expected to be manufactured in March is a. 60,300 b. 42,400 c. 22,800 d. 24,500
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