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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 | $ | 54 | $ | 45 | Accrued wages and taxes | $ | 42 | $ | 41 | |||||||
Accounts receivable | 153 | 138 | Accounts payable | 97 | 86 | |||||||||||
Inventory | 216 | 197 | Notes payable | 66 | 58 | |||||||||||
Total | $ | 423 | $ | 380 | Total | $ | 205 | $ | 185 | |||||||
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.)
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