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The following items are reported on a company's balance sheet: Line Item Description Amount Cash $228,100 Marketable securities 91,900 Accounts receivable 243,700 Inventory 182,200 Accounts payable 279,700 Determine the (a) current ratio and (b) quick ratio. Round answers to one decimal place. Line Item Description Amount a.  Current ratio   b.  Quick ratio

The following items are reported on a company's balance sheet: Line Item Description Amount Cash $228,100 Marketable securities 91,900 Accounts receivable 243,700 Inventory 182,200 Accounts payable 279,700 Determine the (a) current ratio and (b) quick ratio. Round answers to one decimal place. Line Item Description Amount a.  Current ratio   b.  Quick ratio

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 $228,100
Marketable securities 91,900
Accounts receivable 243,700
Inventory 182,200
Accounts payable 279,700

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

Line Item Description Amount
a.  Current ratio  
b.  Quick ratio
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