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You are evaluating the balance sheet for SophieLex's Corporation. From the balance sheet you find the following balances. cash and marketable securities = $500,000; accounts
You are evaluating the balance sheet for SophieLex's Corporation. From the balance sheet you find the following balances. cash and marketable securities = $500,000; accounts receivable - $1.000.000; inventory - $1,900,000; accrued wages and taxes = $400,000; accounts payable = $700,000, and notes payable - $400,000 Calculate Sophielex's current ratio (Round your answer to 2 decimal places.) Current ratio times Calculate SophieLex's quick ratio (Round your answer to 2 decimal places.) Quick ratio times Calculate Sophielex's cash ratio. (Round your answer to 2 decimal places.) Cash ratio times
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