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Current Position Analysis The following items are reported on a company's balance sheet: Cash $100,000 Marketable securities 50,000 Accounts receivable (net) 60,000 Inventory 70,000 Accounts payable 140,000 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 $100,000 Marketable securities 50,000 Accounts receivable (net) 60,000 Inventory 70,000 Accounts payable 140,000 Determine (a) the current ratio and (b) the quick ratio. Round to one decimal place. a.  Current ratio   b.  Quick ratio

Corporate Financial Accounting
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 $100,000
Marketable securities 50,000
Accounts receivable (net) 60,000
Inventory 70,000
Accounts payable 140,000

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

a.  Current ratio  
b.  Quick ratio  
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