Current Position Analysis The following items are reported on a company's balance sheet: Cash $707,200 552,500 625,300 325,000 Accounts payable 650,000 Determine (a) the current ratio and (b) the quick ratio. Round to one decimal place. Marketable securities Accounts receivable (net) Inventory a. Current ratio b. Quick ratio

Current Position Analysis The following items are reported on a company's balance sheet: Cash $707,200 552,500 625,300 325,000 Accounts payable 650,000 Determine (a) the current ratio and (b) the quick ratio. Round to one decimal place. Marketable securities Accounts receivable (net) Inventory a. Current ratio b. Quick ratio

Cornerstones of Financial Accounting

4th Edition

ISBN:9781337690881

Author:Jay Rich, Jeff Jones

Publisher:Jay Rich, Jeff Jones

Chapter12: Fainancial Statement Analysis

Section: Chapter Questions

Problem 69E

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