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(a) the current ratio and (b) the o one decimal place. a. Current 1 b. Quick ratio fill in the blank

(a) the current ratio and (b) the o one decimal place. a. Current 1 b. Quick ratio fill in the blank

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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The following items are reported on a company's balance sheet: Cash $557,800 Marketable securities 435,800 Accounts receivable (net) 458,900 Inventory 290,500 Accounts payable 581,000 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
Transcribed Image Text:The following items are reported on a company's balance sheet: Cash $557,800 Marketable securities 435,800 Accounts receivable (net) 458,900 Inventory 290,500 Accounts payable 581,000 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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