Current Position Analysis The following items are reported on a company's balance sheet: Cash $707,200 552,500 625,300 325,000 Accounts payable 650,000 Determine (a) the current ratio and (b) the quick ratio. Round to one decimal place. Marketable securities Accounts receivable (net) Inventory a. Current ratio b. Quick ratio

Current Position Analysis The following items are reported on a company's balance sheet: Cash $707,200 552,500 625,300 325,000 Accounts payable 650,000 Determine (a) the current ratio and (b) the quick ratio. Round to one decimal place. Marketable securities Accounts receivable (net) Inventory a. Current ratio b. Quick ratio

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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