SDJ, Inc., has net working capital of $2,260, current liabilities of $5,470, and inventory of $1,230. a. What is the current ratio? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.) b. What is the quick ratio? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.) a. Current ratio times b. Quick ratio times

Corporate Financial Accounting
14th Edition
ISBN:9781305653535
Author:Carl Warren, James M. Reeve, Jonathan Duchac
Publisher:Carl Warren, James M. Reeve, Jonathan Duchac
Chapter3: The Adjusting Process
Section: Chapter Questions
Problem 3.1ADM
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IT 7120 X
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SDJ, Inc., has net working capital of $2,260, current liabilities of $5,470, and inventory of
$1,230.
a. What is the current ratio? (Do not round intermediate calculations and round your
answer to 2 decimal places, e.g., 32.16.)
b. What is the quick ratio? (Do not round intermediate calculations and round your
answer to 2 decimal places, e.g., 32.16.)
a.
Current ratio
: times
b.
Quick ratio
times
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Transcribed Image Text:IT 7120 X 5 Question 1- HW3 - Connect D Channel content - YouTube Stud Assignments mheducation.com/ext/map/ind .com con&external browser%3D0&launchUrl=https%253A%252F%252Flm Saved SDJ, Inc., has net working capital of $2,260, current liabilities of $5,470, and inventory of $1,230. a. What is the current ratio? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.) b. What is the quick ratio? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.) a. Current ratio : times b. Quick ratio times Prev 1 of 8 Next > search 67
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