Question
The top part of Ramakrishnan, Inc,s 2015 and 2014 balance sheets is listed below (in millions of dollars). 2015 2014 2015 2014 Current assets: Current
The top part of Ramakrishnan, Inc,s 2015 and 2014 balance sheets is listed below (in millions of dollars). 2015 2014 2015 2014 Current assets: Current liabilities: Cash and marketable securities $ 70 $ 61 Accrued wages and taxes $ 50 $ 49 Accounts receivable 161 146 Accounts payable 105 94 Inventory 224 205 Notes payable 58 50 Total $ 455 $ 412 Total $ 213 $ 193 Calculate Ramakrishnan, Inc.s current ratio for 2015 and 2014. (Round your answers to 2 decimal places.) Current ratio 2015 times 2014 times Calculate Ramakrishnan, Inc.s quick ratio for 2015 and 2014. (Round your answers to 2 decimal places.) Quick ratio 2015 times 2014 times Calculate Ramakrishnan, Inc.s cash ratio for 2015 and 2014. (Round your answers to 2 decimal places.) Cash ratio 2015 times 2014 times
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