The following items are reported on a company's balance sheet:Cash$195,100Marketable securities152,400Accounts receivable (net)121,500Inventory140,700Accounts payable469,000Determine (a) the current ratio and (b) the quick ratio. Round to one decimal place.a. Current ratio b. Quick ratio

Name: The following items are reported on a company's balance sheet:Cash$195
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Description: The following items are reported on a company's balance sheet:Cash$195,100Marketable securities152,400Accounts receivable (net)121,500Inventory140,700Accounts payable469,000Determine (a) the current ratio and (b) the quick ratio. Round to one decimal

The current ratio is a liquidity ratio that measures a firm's ability to pay off its current…

Answered: The following items are reported on a…

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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The following items are reported on a company's balance sheet:

Cash	$195,100
Marketable securities	152,400
Accounts receivable (net)	121,500
Inventory	140,700
Accounts payable	469,000

Determine (a) the current ratio and (b) the quick ratio. Round to one decimal place.

a. Current ratio
b. Quick ratio

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