The following items are reported on a company's balance sheet: Cash $297,600 Marketable securities 232,500...
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Accounting
The following items are reported on a company's balance sheet: Cash $297,600 Marketable securities 232,500 Accounts receivable (net) 126,300 Inventory 273,500 Accounts payable 547,000 Determine (a) the current ratio and (b) the quick ratio. Round to one decimal place. a. Current ratio b. Quick ratio
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