Question
The top part of Ramakrishnan, Inc.'s 2018 and 2017 balance sheets is listed below (in millions of dollars). 2018201720182017Current assets:Current liabilities:Cash and marketable securities$56$47Accrued wages
The top part of Ramakrishnan, Inc.'s 2018 and 2017 balance sheets is listed below (in millions of dollars).
2018201720182017Current assets:Current liabilities:Cash and marketable securities$56$47Accrued wages and taxes$43$42Accounts receivable154139Accounts payable9887Inventory217198Notes payable6557Total$427$384Total$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.)
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access with AI-Powered 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
Auditing Cases An Active Learning Approach
Authors: Mark S. Beasley, Frank A. Buckless, Steven M. Glover, Douglas F. Prawitt
2nd Edition
0130674842, 978-0130674845
