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Type your answer please The following items are reported on a company's balance sheet: Cash $225,000 Marketable securities 115,000 Accounts receivable (net) 112,000 Inventory 158,000
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The following items are reported on a company's balance sheet:
| Cash | $225,000 |
| Marketable securities | 115,000 |
| Accounts receivable (net) | 112,000 |
| Inventory | 158,000 |
| Accounts payable | 244,000 |
Determine (a) the current ratio and (b) the quick ratio. Round your answers to one decimal place.
| a. Current ratio | |
| b. Quick ratio |
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Telecourse Guide For Accounting In Action Managerial Accounting
Authors: Ray H. Garrison, Eric W. Noreen
9th Edition
0072386533, 978-0072386530
