The following items are reported on a company's balance sheet: Cash $232,800 Marketable securities 109,700 Accounts receivable 264,400 Inventory 187,200 Accounts payable 279,300 Determine (a) the current ratio and (b) the quick ratio. Round your answers to two decimal places. 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 $232,800 Marketable securities 109,700 Accounts receivable 264,400 Inventory 187,200 Accounts payable 279,300 Determine (a) the current ratio and (b) the quick ratio. Round your answers to two decimal places. a. Current ratio fill in the blank 1 b. Quick ratio fill in the blank 2

Name: The following items are reported on a company's balance sheet:Cash$232
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Description: The following items are reported on a company's balance sheet:Cash$232,800Marketable securities109,700Accounts receivable264,400Inventory187,200Accounts payable279,300Determine (a) the current ratio and (b) the quick ratio. Round your answers to two

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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