The top part of Ramakrishnan, Inc,'s 2018 and 2017 balance sheets is listed below (in millions of

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The top part of Ramakrishnan, Inc,'s 2018 and 2017 balance sheets is listed below (in millions of dollars).

Calculate Ramakrishnan, Inc.'s current ratio, quick ratio, and cash ratio for 2018 and 2017?

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Finance Applications and Theory

ISBN: 978-1259691416

4th edition

Authors: Marcia Cornett

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Question Posted: Apr 28, 2017 08:35 AM

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The top part of Ramakrishnan, Inc,'s 2018 and 2017 balance sheets is listed below (in millions of

Question:

Current assets 2018 2017 Current liabilities 2018 2017 Cash and marketable Accrued wages and securities S 34 25 S 32 S31 Accounts receivable Inventory taxes Accounts payable Notes payable 87 76 143 128 206 187 $383 $340 68 $195 $175 Total Total

Step by Step Answer:

2018 2017 383m 340m Current ratio 196 times 19...View the full answer

Finance Applications and Theory

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