Problemyou are evaulting the balance sheet for blue jays, Ask an Expert

Finance

Problem:

You are evaulting the balance sheet for Blue Jays Corporation. From the balance sheet you find the following balances: Cash and marketable securities =$200,000, Accounts receivable =$800,000, Inventory = $1,000,000. Accured wages ad taxes = $250,000, Accounts payable =$400,000 , and Notes Payable $300,000.

Required:

Question: What are Blue Jays Current ratio, Quick ratio, and Cash ratio respectively?

Note: Please show how you came up with the solution.

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Basic Finance, Finance

Category:- Basic Finance
Reference No.:- M91148968

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