Problem 3-2 Liquidity Ratios (LG3-1) The top part of Ramakrishnan, Inc.'s 2021 and 2020 balance...
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Problem 3-2 Liquidity Ratios (LG3-1) The top part of Ramakrishnan, Inc.'s 2021 and 2020 balance sheets is listed below (in millions of dollars). Current assets: Cash and marketable securities Accounts receivable Inventory Total 2021 2020 Current ratio 2021 2020 times times $ 44 148 211 $403 $ 35 133 192 $360 Current liabilities: Accrued wages and taxes Accounts payable Notes payable Total 2021 $ 37 92 71 $200 Calculate Ramakrishnan, Inc.'s current ratio for 2021 and 2020. (Round your answers to 2 decimal places.) 2020 $36 81 63 $180
Problem 3-2 Liquidity Ratios (LG3-1) The top part of Ramakrishnan, Inc's 2021 and 2020 balance sheets is listed below (in millions of dollars). Calculate Ramakrishnan, Inc.'s current ratio for 2021 and 2020. (Round your answers to 2 decimal places.)
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