Determine the a current ratio and b quick ratio. round your, Ask an Expert

Accounting

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

Cash $ 400,000
Marketable securities 50,000
Accounts receivable 150,000
Inventory 200,000
Accounts payable 250,000

Determine the (a) current ratio, and (b) quick ratio. Round your answer to one digit after the decimal.

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Accounting Basics, Accounting

Category:- Accounting Basics
Reference No.:- M971214

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