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The following items are reported on a company's balance sheet: Cash $256,300 Marketable securities 106,900 Accounts receivable 225,600 Inventory 207,500 Accounts payable 304,300 Determine the (a) current ratio, and (b) quick ratio. Round your answers to one decimal place. a.  Current ratio fill in the blank 1 b.  Quick rati

The following items are reported on a company's balance sheet: Cash $256,300 Marketable securities 106,900 Accounts receivable 225,600 Inventory 207,500 Accounts payable 304,300 Determine the (a) current ratio, and (b) quick ratio. Round your answers to one decimal place. a.  Current ratio fill in the blank 1 b.  Quick rati

Managerial Accounting: The Cornerstone of Business Decision-Making
Managerial Accounting: The Cornerstone of Business Decision-Making
7th Edition
ISBN:9781337115773
Author:Maryanne M. Mowen, Don R. Hansen, Dan L. Heitger
Publisher:Maryanne M. Mowen, Don R. Hansen, Dan L. Heitger
Chapter15: Financial Statement Analysis
Section: Chapter Questions
Problem 17BEA: Ernst Companys balance sheet shows total liabilities of 32,500,000, total stockholders equity of...
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The following items are reported on a company's balance sheet:

Cash $256,300
Marketable securities 106,900
Accounts receivable 225,600
Inventory 207,500
Accounts payable 304,300

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

a.  Current ratio fill in the blank 1
b.  Quick ratio
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