Problem 3-1 Calculating Liquidity Ratios [LO 2] SDJ, Incorporated, has net working capital of $1,810, current liabilities of $5,650, and inventory of $1,275. E a. What is the current ratio? Note: Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 3 b. What is the quick ratio? Note: Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 3 a. Current ratio b. Quick ratio times times
Problem 3-1 Calculating Liquidity Ratios [LO 2] SDJ, Incorporated, has net working capital of $1,810, current liabilities of $5,650, and inventory of $1,275. E a. What is the current ratio? Note: Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 3 b. What is the quick ratio? Note: Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 3 a. Current ratio b. Quick ratio times times
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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![Problem 3-1 Calculating Liquidity Ratios [LO 2]
SDJ, Incorporated, has net working capital of $1,810, current liabilities of $5,650, and inventory of $1,275.
E
a. What is the current ratio?
Note: Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 3
b. What is the quick ratio?
Note: Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 3
a. Current ratio
b. Quick ratio
times
times](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F866a1602-4b2b-4e09-b80f-8a9f2b1ba469%2Fee466630-c69e-46a2-aa1b-97e5f17223b1%2Fjziruwh_processed.jpeg&w=3840&q=75)
Transcribed Image Text:Problem 3-1 Calculating Liquidity Ratios [LO 2]
SDJ, Incorporated, has net working capital of $1,810, current liabilities of $5,650, and inventory of $1,275.
E
a. What is the current ratio?
Note: Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 3
b. What is the quick ratio?
Note: Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 3
a. Current ratio
b. Quick ratio
times
times
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