The following items are reported on a company's balance sheet: Cash $270,600 Marketable securities 83,600 Accounts receivable 263,100 Inventory 211,800 Accounts payable 315,200 Determine the (a) current ratio, and (b) quick ratio. Round your answers to one decimal place. a. Current ratio b. Quick ratio
The following items are reported on a company's balance sheet: Cash $270,600 Marketable securities 83,600 Accounts receivable 263,100 Inventory 211,800 Accounts payable 315,200 Determine the (a) current ratio, and (b) quick ratio. Round your answers to one decimal place. a. Current ratio b. Quick ratio
College Accounting (Book Only): A Career Approach
13th Edition
ISBN:9781337280570
Author:Scott, Cathy J.
Publisher:Scott, Cathy J.
Chapter12A: The Statement Of Cash Flows
Section: Chapter Questions
Problem 3P
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