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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 | $ | 56 | $ | 47 | Accrued wages and taxes | $ | 43 | $ | 42 | |||||||
Accounts receivable | 154 | 139 | Accounts payable | 98 | 87 | |||||||||||
Inventory | 217 | 198 | Notes payable | 65 | 57 | |||||||||||
Total | $ | 427 | $ | 384 | Total | $ | 206 | $ | 186 | |||||||
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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