The following items are reported on a company's balance sheet: Line Item Description Amount Cash $228,100 Marketable securities 91,900 Accounts receivable 243,700 Inventory 182,200 Accounts payable 279,700 Determine the (a) current ratio and (b) quick ratio. Round answers to one decimal place. Line Item Description Amount a. Current ratio b. Quick ratio

The following items are reported on a company's balance sheet: Line Item Description Amount Cash $228,100 Marketable securities 91,900 Accounts receivable 243,700 Inventory 182,200 Accounts payable 279,700 Determine the (a) current ratio and (b) quick ratio. Round answers to one decimal place. Line Item Description Amount a. Current ratio b. Quick ratio

Managerial Accounting

15th Edition

ISBN:9781337912020

Author:Carl Warren, Ph.d. Cma William B. Tayler

Publisher:Carl Warren, Ph.d. Cma William B. Tayler

Chapter16: Financial Statement Analysis

Section: Chapter Questions

Problem 3BE: The following items are reported on a companys balance sheet: Determine (a) the current ratio and...

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Line Item Description	Amount
Cash	$228,100
Marketable securities	91,900
Accounts receivable	243,700
Inventory	182,200
Accounts payable	279,700

Line Item Description	Amount
a. Current ratio
b. Quick ratio

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