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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 | $ | 72 | $ | 63 | Accrued wages and taxes | $ | 51 | $ | 50 | |||||||
Accounts receivable | 162 | 147 | Accounts payable | 106 | 95 | |||||||||||
Inventory | 225 | 206 | Notes payable | 57 | 49 | |||||||||||
Total | $ | 459 | $ | 416 | Total | $ | 214 | $ | 194 | |||||||
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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