Problem 3-1 Calculating Liquidity Ratios [LO2] SDJ, Inc., has net working capital of $2,930, current liabilities of $4,070, and inventory of $3,770. a. What is the current ratio? (Do not round intermediate calculations. Round your answer to 2 decimal places, e.g., 32.16.) b. What is the quick ratio? (Do not round intermediate calculations. Round your answer to 2 decimal places, e.g., 32.16.)

Problem 3-1 Calculating Liquidity Ratios [LO2] SDJ, Inc., has net working capital of $2,930, current liabilities of $4,070, and inventory of $3,770. a. What is the current ratio? (Do not round intermediate calculations. Round your answer to 2 decimal places, e.g., 32.16.) b. What is the quick ratio? (Do not round intermediate calculations. Round your answer to 2 decimal places, e.g., 32.16.)

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Description: Problem 3-1 Calculating Liquidity Ratios [LO2]SDJ, Inc., has net working capital of $2,930, current liabilities of $4,070, and inventory of $3,770. a.What is the current ratio? (Do not round intermediate calculations. Round your answer to 2 decimal

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 14.6EX: Current position analysis The following data were taken from the balance sheet of Nilo Company at...

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Problem 3-1 Calculating Liquidity Ratios [LO2]

SDJ, Inc., has net working capital of $2,930, current liabilities of $4,070, and inventory of $3,770.

a.	What is the current ratio? (Do not round intermediate calculations. Round your answer to 2 decimal places, e.g., 32.16.)
b.	What is the quick ratio? (Do not round intermediate calculations. Round your answer to 2 decimal places, e.g., 32.16.)

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