The following items are reported on a company's balance sheet: Cash $284,800 Marketable securities 222,500 Accounts receivable (net) 169,100 Inventory 213,600 Accounts payable 356,000 Determine (a) the current ratio and (b) the quick ratio. Round 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 $284,800 Marketable securities 222,500 Accounts receivable (net) 169,100 Inventory 213,600 Accounts payable 356,000 Determine (a) the current ratio and (b) the quick ratio. Round to one decimal place. a. Current ratio fill in the blank 1 b. Quick ratio fill in the blank 2
Financial Accounting
15th Edition
ISBN:9781337272124
Author:Carl Warren, James M. Reeve, Jonathan Duchac
Publisher:Carl Warren, James M. Reeve, Jonathan Duchac
Chapter17: Financial Statement Analysis
Section: Chapter Questions
Problem 3PEB
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Current Position Analysis
The following items are reported on a company's
Cash | $284,800 |
Marketable securities | 222,500 |
Accounts receivable (net) | 169,100 |
Inventory | 213,600 |
Accounts payable | 356,000 |
Determine (a) the
a. Current ratio | fill in the blank 1 |
b. Quick ratio | fill in the blank 2 |
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