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Accounting

You are evaluating the balance sheet for Goodman’s Bees Corporation. From the balance sheet you find the following balances: cash and marketable securities = $260,000; accounts receivable = $1,400,000; inventory = $2,300,000; accrued wages and taxes = $600,000; accounts payable = $900,000; and notes payable = $800,000.

1. Calculate Goodman Bees’ current ratio. (Round your answer to 2 decimal places.) Current ratio times

2. Calculate Goodman Bees’ quick ratio. (Round your answer to 2 decimal places.) Quick ratio times

3. Calculate Goodman Bees’ cash ratio. (Round your answer to 2 decimal places.) Cash ratio times

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Financial Accounting, Accounting

Category:- Financial Accounting
Reference No.:- M92021164

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