SDJ, Inc., has net working capital of $1,730, current liabilities of $5,140, and inventory of $2,170. Requirement 1: What is the current ratio? (Do not round intermediate calculations. Round your answer to 2 decimal places (e.g., 3.16).) Current ratio |times Requirement 2: What is the quick ratio? (Do not round intermediate calculations. Round your answer to 2 decimal places (e.g., 3.16).) Quick ratio | 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
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SDJ, Inc., has net working capital of $1,730, current liabilities of $5,140, and inventory of
$2,170.
Requirement 1:
What is the current ratio? (Do not round intermediate calculations. Round your answer
to 2 decimal places (e.g., 3.16).)
Current ratio
|times
Requirement 2:
What is the quick ratio? (Do not round intermediate calculations. Round your answer to
2 decimal places (e.g., 3.16).)
Quick ratio
| times
Transcribed Image Text:SDJ, Inc., has net working capital of $1,730, current liabilities of $5,140, and inventory of $2,170. Requirement 1: What is the current ratio? (Do not round intermediate calculations. Round your answer to 2 decimal places (e.g., 3.16).) Current ratio |times Requirement 2: What is the quick ratio? (Do not round intermediate calculations. Round your answer to 2 decimal places (e.g., 3.16).) Quick ratio | times
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