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The following items are reported on a companys balance sheet: Cash $230,000 Marketable securities 50,000 Accounts receivable 200,000 Inventory 240,000 Accounts payable 300,000 Determine the
The following items are reported on a companys balance sheet:
| Cash | $230,000 |
| Marketable securities | 50,000 |
| Accounts receivable | 200,000 |
| Inventory | 240,000 |
| Accounts payable | 300,000 |
Determine the (a) current ratio, and (b) quick ratio. Round your answer to one decimal place
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Advanced Principles Of Auditing
Authors: Hugo Romero
1st Edition
1632409372, 978-1632409379
