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It took 4 to 6 hours to answer this question and it is still wrong. Do anybody know the right answer, I figure the last part out in it is 0.3 times. You are evaluating the balance sheet for Patty Cake's Corporation. From the balance sheet you find the following balances: cash and marketable securities = $70,000; accounts receivable = $1,060,000; inventory = $1,960,000; accrued wages and taxes = $430,000; accounts payable = $730,000; and notes payable = $460,000. Calculate Patty Cake's current ratio. (Round your answer to 2 decimal places.) Current ratio times; Calculate Patty Cake's quick ratio. (Round your answer to 2 decimal places.) Quick ratio times; Calculate Patty Cake's cash ratio. (Round your answer to 2 decimal places.) Cash ratio times

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Financial Management, Finance

Category:- Financial Management
Reference No.:- M92786135

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