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Current Position Analysis The following items are reported on a company’s balance sheet: Cash                                     $320,000 Marketable securities            170,000 Accounts receivable (net)     140,000 Inventory                                 450,000 Accounts payable                       300,000 Determine (a) the current ratio and (b) the quick ratio. Round your answers to one decimal place. a.  Current ratio       fill in the blank b.  Quick ratio           fill in the blank

Current Position Analysis The following items are reported on a company’s balance sheet: Cash                                     $320,000 Marketable securities            170,000 Accounts receivable (net)     140,000 Inventory                                 450,000 Accounts payable                       300,000 Determine (a) the current ratio and (b) the quick ratio. Round your answers to one decimal place. a.  Current ratio       fill in the blank b.  Quick ratio           fill in the blank

Corporate Financial Accounting
Corporate Financial Accounting
14th Edition
ISBN:9781305653535
Author:Carl Warren, James M. Reeve, Jonathan Duchac
Publisher:Carl Warren, James M. Reeve, Jonathan Duchac
Chapter14: Financial Statement Analysis
Section: Chapter Questions
Problem 14.3BE: Current position analysis The following items are reported on a company's balance sheet: Cash...
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Current Position Analysis

The following items are reported on a company’s balance sheet:

Cash                                     $320,000
Marketable securities            170,000
Accounts receivable (net)     140,000
Inventory                                 450,000

Accounts payable                       300,000

Determine (a) the current ratio and (b) the quick ratio. Round your answers to one decimal place.

a.  Current ratio       fill in the blank

b.  Quick ratio           fill in the blank

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