The following items are reported on a company's balance sheet: Cash $256,300 Marketable securities 106,900 Accounts receivable 225,600 Inventory 207,500 Accounts payable 304,300 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 rati

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
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The following items are reported on a company's balance sheet:

Cash $256,300
Marketable securities 106,900
Accounts receivable 225,600
Inventory 207,500
Accounts payable 304,300

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
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