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 $38 $29 Accrued wages and taxes $34 $33
Accounts receivable $145 $130 Accounts payable $89 $78
Inventory $208$189 Notes payable $ 74 $66
Total $391$348 Total $197$177
Calculate Ramakrishnan, Inc.'s current ratio for 2015 and 2014.(Round your answers to 2 decimal places.)
Current ratio2015___________times2014________times
Calculate Ramakrishnan, Inc.'s quick ratio for 2015 and 2014.(Round your answers to 2 decimal places.)
Quick ratio2015_________times2014_________times
Calculate Ramakrishnan, Inc.'s cash ratio for 2015 and 2014.(Round your answers to 2 decimal places.)
Cash ratio 2015________times2014_______times
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