Question
The top part of Ramakrishnan, Inc.s 2018 and 2017 balance sheets is listed below (in millions of dollars). 2018 2017 2018 2017 Current assets: Current
The top part of Ramakrishnan, Inc.s 2018 and 2017 balance sheets is listed below (in millions of dollars). 2018 2017 2018 2017 Current assets: Current liabilities: Cash and marketable securities $ 34 $ 25 Accrued wages and taxes $ 32 $ 31 Accounts receivable 143 128 Accounts payable 87 76 Inventory 206 187 Notes payable 76 68 Total $ 383 $ 340 Total $ 195 $ 175 Calculate Ramakrishnan, Inc.s current ratio for 2018 and 2017. (Round your answers to 2 decimal places.) Calculate Ramakrishnan, Inc.s quick ratio for 2018 and 2017. (Round your answers to 2 decimal places.). Calculate Ramakrishnan, Inc.s cash ratio for 2018 and 2017. (Round your answers to 2 decimal places.)
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started