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The top part of Ramakrishnan, Inc.'s 2018 and 2017 balance sheets is listed below (in millions of dollars). Current assets: Cash and marketable securities
The top part of Ramakrishnan, Inc.'s 2018 and 2017 balance sheets is listed below (in millions of dollars). Current assets: Cash and marketable securities Accounts receivable Inventory Total 2018 2017 2018 2017 Current ratio 2015 2017 Quick ratio Calculate Ramakrishnan, Inc.'s current ratio for 2018 and 2017. (Round your answers to 2 decimal places.) fimes times Cash ratio 2018 2017 times times $ 62 157 220 $439 $ 53 142 201 $396 Calculate Ramakrishnan, Inc.'s quick ratio for 2018 and 2017. (Round your answers to 2 decimal places.) times times Current liabilities: Accrued wages and taxes Accounts payable Notes payable Total 2018 2017 $ 46 101 62 $299 $ 45 90 54 $ 189 Calculate Ramakrishnan, Inc.'s cash ratio for 2018 and 2017. (Round your answers to 2 decimal places.)
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