Current Position AnalysisThe following items are reported on a company's balance sheet:Cash$284,800Marketable securities222,500Accounts receivable (net)169,100Inventory213,600Accounts payable356,000Determine (a) the current ratio and (b) the quick ratio. Round to one decimal place.a. Current ratiofill in the blank 1b. Quick ratiofill in the blank 2

Name: Current Position AnalysisThe following items are reported on a company
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Description: Current Position AnalysisThe following items are reported on a company's balance sheet:Cash$284,800Marketable securities222,500Accounts receivable (net)169,100Inventory213,600Accounts payable356,000Determine (a) the current ratio and (b) the quick ra

This question deals with the current ratio and quick ratio. The current ratio is a liquidity ratio…

Answered: The following items are reported on a…

College Accounting, Chapters 1-27

23rd Edition

ISBN:9781337794756

Author:HEINTZ, James A.

Publisher:HEINTZ, James A.

Chapter24: Analysis Of Financial Statements

Section: Chapter Questions

Problem 1SEB

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Current Position Analysis

The following items are reported on a company's balance sheet:

Cash	$284,800
Marketable securities	222,500
Accounts receivable (net)	169,100
Inventory	213,600
Accounts payable	356,000

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

a. Current ratio	fill in the blank 1
b. Quick ratio	fill in the blank 2

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