he top part of Rammy's Incorporated's 2022 balance sheet is listed as follows (in millions of dollars). Current assets: Current liabilities: Cash and marketable securities $ 5 Accrued wages and taxes $ 6 Accounts receivable 15 Accounts payable 10 Inventory 95 Notes payable 50 Total $ 115 Total $ 66 What are Mars, Incorporated's current ratio, quick ratio, and cash ratio for 2022?
he top part of Rammy's Incorporated's 2022 balance sheet is listed as follows (in millions of dollars). Current assets: Current liabilities: Cash and marketable securities $ 5 Accrued wages and taxes $ 6 Accounts receivable 15 Accounts payable 10 Inventory 95 Notes payable 50 Total $ 115 Total $ 66 What are Mars, Incorporated's current ratio, quick ratio, and cash ratio for 2022?
Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
Section: Chapter Questions
Problem 1PS
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Question
The top part of Rammy's Incorporated's 2022 balance sheet is listed as follows (in millions of dollars).
| Current assets: | Current liabilities: | ||
|---|---|---|---|
| Cash and marketable securities | $ 5 | Accrued wages and taxes | $ 6 |
| Accounts receivable | 15 | Accounts payable | 10 |
| Inventory | 95 | Notes payable | 50 |
| Total | $ 115 | Total | $ 66 |
What are Mars, Incorporated's current ratio, quick ratio, and cash ratio for 2022?
Multiple Choice
-
1.74242, 0.30303, 0.07576
-
7.1875, 1.25, 0.3125
-
1.43939, 0.30303, 0.07576
-
19.16667, 3.33333, 0.83333
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