The following items are reported on a company's balance sheet: Cash $229,600 Marketable securities 95,600 Accounts receivable 234,900 Inventory 187,300 Accounts payable 326,600 Determine the (a) current ratio, and (b) quick ratio. Round your answers to one decimal place. a. Current ratio fill in the blank 1 b. Quick ratio fill in the blank 2
The following items are reported on a company's balance sheet: Cash $229,600 Marketable securities 95,600 Accounts receivable 234,900 Inventory 187,300 Accounts payable 326,600 Determine the (a) current ratio, and (b) quick ratio. Round your answers to one decimal place. a. Current ratio fill in the blank 1 b. Quick ratio fill in the blank 2
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Question
The following items are reported on a company's
Cash | $229,600 |
Marketable securities | 95,600 |
234,900 | |
Inventory | 187,300 |
Accounts payable | 326,600 |
Determine the (a)
a. Current ratio | fill in the blank 1 |
b. Quick ratio | fill in the blank 2 |
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