Question
Determine the current ratio. Determine the quick ratio. The following items are reported on a company's balance sheet: Cash $252,800 Marketable securities 94,000 Accounts
Determine the current ratio.
Determine the quick ratio.
The following items are reported on a company's balance sheet:
| Cash | $252,800 |
| Marketable securities | 94,000 |
| Accounts receivable | 268,400 |
| Inventory | 203,400 |
| Accounts payable | 329,100 |
Round your answers to two decimal places.
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Managerial Accounting
Authors: Carl S. Warren, James M. Reeve, Jonathan Duchac
13th edition
978-1285868806, 1285868803, 978-1305691254, 978-1305465640, 1305465644, 978-1285866307
