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The following items are reported on a company's balance sheet: Cash $317,500 Marketable securities 248,100 Accounts receivable (net) 246,200 Inventory 180,400 Accounts payable 451,000 Determine
The following items are reported on a company's balance sheet:
| Cash | $317,500 |
| Marketable securities | 248,100 |
| Accounts receivable (net) | 246,200 |
| Inventory | 180,400 |
| Accounts payable | 451,000 |
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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Security And Loss Prevention An Introduction
Authors: Philip Purpura CPP Florence Darlington Technical College
7th Edition
0128117958, 9780128117958
