(a) the current ratio and (b) the quick ratio.
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Transcribed Image Text:The following items are reported on a company's balance sheet: Cash $214, 900 Marketable
securities 101, 700 Accounts receivable 248, 800 Inventory 199,800 Accounts payable 310, 500
Determine (a) the current ratio and (b) the quick ratio. Round your answers to two decimal
places. a. Current ratio fill in the blank 1 b. Quick ratio fill in the blank 2
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