Current Position Analysis The following items are reported on a company's balance sheet: Cash $255,200 Marketable securities 199,400 Accounts receivable (net) 121,300 Inventory 221,500 Accounts payable 443,000 Determine (a) the current ratio and (b) the quick ratio. Round to one decimal place. a. Current ratio b. Quick ratio
Current Position Analysis The following items are reported on a company's balance sheet: Cash $255,200 Marketable securities 199,400 Accounts receivable (net) 121,300 Inventory 221,500 Accounts payable 443,000 Determine (a) the current ratio and (b) the quick ratio. Round to one decimal place. a. Current ratio b. Quick ratio
Corporate Financial Accounting
14th Edition
ISBN:9781305653535
Author:Carl Warren, James M. Reeve, Jonathan Duchac
Publisher:Carl Warren, James M. Reeve, Jonathan Duchac
Chapter14: Financial Statement Analysis
Section: Chapter Questions
Problem 14.3BE: Current position analysis The following items are reported on a company's balance sheet: Cash...
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Current Position Analysis
The following items are reported on a company's balance sheet:
| Cash | $255,200 |
| Marketable securities | 199,400 |
| Accounts receivable (net) | 121,300 |
| Inventory | 221,500 |
| Accounts payable | 443,000 |
Determine (a) the
| a. Current ratio | |
| b. Quick ratio |
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