ou are evaluating the balance sheet for SophieLex’s Corporation. From the balance sheet you find the following balances: cash and marketable securities = $280,000; accounts receivable = $1,380,000; inventory = $2,280,000; accrued wages and taxes = $590,000; accounts payable = $890,000; and notes payable = $780,000.   Calculate SophieLex’s current ratio. (Round your answer to 2 decimal places.)       Calculate SophieLex’s quick ratio. (Round your answer to 2 decimal places.)       Calculate SophieLex’s cash ratio. (Round your answer to 2 decimal places.)

Use the information below for Harding Company to answer the question that follow. Harding Company Accounts payable $38,576 Accounts receivable 62,104 Accrued liabilities 6,548 Cash 15,575 Intangible assets 39,083 Inventory 71,044 Long-term investments 90,442 Long-term liabilities 74,452 Marketable securities 38,270 Notes payable (short-term) 24,003 Property, plant, and equipment 652,967 Prepaid expenses 2,137 Based on the data for Harding Company, what is the amount of quick assets?

Balance Sheet You are evaluating the balance sheet for Cypress Corporation. From the balance sheet you find the following balances: Cash and marketable securities = $670,000, Accounts receivable = $870,000, Inventory = $570,000, Accrued wages and taxes = $111,000, Accounts payable = $207,000, and Notes payable = $1,070,000. What is Cypress's net working capital? Multiple Choice $1,388,000 O $2,110,000 $722,000 O $3,498,000

A comparative balance for Shabbon Corporation is presented as follows.                                                                                           Debit             Credit Cash                                                                              $197,000 Sales revenue                                                                                       $8,100,000 Debt Investments (trading) (at cost, $145,000)             153,000 Cost of Goods sold                                                         4,800,000 Debt investments (long-term)                                         299,000 Equity Investments (long-term)                                      277,000 Notes Payable (short-term)                                                                                  90,000 Accounts Payable                                                                                                455,000 Selling Expenses                                          2,000,000…