PE.17-03B - Current Position Analysis The following items are reported on a company's balance sheet: Cash Marketable securities Accounts receivable (net) Inventory Accounts payable Determine (a) the current ratio and (b) the quick ratio. Round your answers to one decimal place. a. Current ratio $210,000 120,000 110,000 160,000 200,000 b. Quick ratio
PE.17-03B - Current Position Analysis The following items are reported on a company's balance sheet: Cash Marketable securities Accounts receivable (net) Inventory Accounts payable Determine (a) the current ratio and (b) the quick ratio. Round your answers to one decimal place. a. Current ratio $210,000 120,000 110,000 160,000 200,000 b. Quick ratio
Cornerstones of Financial Accounting
4th Edition
ISBN:9781337690881
Author:Jay Rich, Jeff Jones
Publisher:Jay Rich, Jeff Jones
Chapter8: Current And Contingent Liabilities
Section: Chapter Questions
Problem 34CE
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
Transcribed Image Text:PE.17-03B Current Position Analysis
The following items are reported on a company's balance sheet:
Cash
Marketable securities
Accounts receivable (net)
Inventory
Accounts payable
Determine (a) the current ratio and (b) the quick ratio. Round your answers to one
decimal place.
a. Current ratio
$210,000
120,000
110,000
160,000
200,000
b. Quick ratio
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