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Finance

You are evaluating the balance sheet for PattyCake’s Corporation. From the balance sheet you find the following balances: cash and marketable securities = $280,000; accounts receivable = $1,380,000; inventory = $2,280,000; accrued wages and taxes = $590,000; accounts payable = $890,000; and notes payable = $780,000.

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

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

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

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Financial Management, Finance

Category:- Financial Management
Reference No.:- M92311805

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