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The following items are reported on a company's balance sheet: Line Item Description Amount Cash $249,200 Marketable securities 88,300 Accounts receivable 228,900 Inventory 215,400 Accounts payable 277,800 Determine the (a) current ratio and (b) quick ratio. Round answers to one decimal place. Line Item Description Amount a.  Current ratio fill in the blank 1 b.  Quick ratio fill in the blank 2

The following items are reported on a company's balance sheet: Line Item Description Amount Cash $249,200 Marketable securities 88,300 Accounts receivable 228,900 Inventory 215,400 Accounts payable 277,800 Determine the (a) current ratio and (b) quick ratio. Round answers to one decimal place. Line Item Description Amount a.  Current ratio fill in the blank 1 b.  Quick ratio fill in the blank 2

Managerial Accounting
Managerial Accounting
15th Edition
ISBN:9781337912020
Author:Carl Warren, Ph.d. Cma William B. Tayler
Publisher:Carl Warren, Ph.d. Cma William B. Tayler
Chapter16: Financial Statement Analysis
Section: Chapter Questions
Problem 3BE: The following items are reported on a companys balance sheet: Determine (a) the current ratio and...
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The following items are reported on a company's balance sheet:

Line Item Description Amount
Cash $249,200
Marketable securities 88,300
Accounts receivable 228,900
Inventory 215,400
Accounts payable 277,800

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

Line Item Description Amount
a.  Current ratio fill in the blank 1
b.  Quick ratio

fill in the blank 2

 
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