Current Position Analysis The following items are reported on a company’s balance sheet: Cash $320,000 Marketable securities 170,000 Accounts receivable (net) 140,000 Inventory 450,000 Accounts payable 300,000 Determine (a) the current ratio and (b) the quick ratio. Round your answers to one decimal place. a. Current ratio fill in the blank b. Quick ratio fill in the blank
Current Position Analysis The following items are reported on a company’s balance sheet: Cash $320,000 Marketable securities 170,000 Accounts receivable (net) 140,000 Inventory 450,000 Accounts payable 300,000 Determine (a) the current ratio and (b) the quick ratio. Round your answers to one decimal place. a. Current ratio fill in the blank b. Quick ratio fill in the blank
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Current Position Analysis
The following items are reported on a company’s
| Cash | $320,000 |
| Marketable securities | 170,000 |
| 140,000 |
| Inventory | 450,000 |
Accounts payable 300,000
Determine (a) the
a. Current ratio fill in the blank
b. Quick ratio fill in the blank
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