The most recent data from the annual balance sheets of Pellegrini Southern Corporation and Jing...
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Finance
The most recent data from the annual balance sheets of Pellegrini Southern Corporation and Jing Foodstuffs Corporation are as follows:
Balance Sheet December 31st31st (Millions of dollars)
Jing Foodstuffs Corporation
Pellegrini Southern Corporation
Jing Foodstuffs Corporation
Pellegrini Southern Corporation
Assets
Liabilities
Current assets
Current liabilities
Cash
$574
$369
Accounts payable
$0
$0
Accounts receivable
210
135
Accruals
127
0
Inventories
616
396
Notes payable
717
675
Total current assets
$1,400
$900
Total current liabilities
$844
$675
Net fixed assets
Long-term bonds
1,031
825
Net plant and equipment
1,100
1,100
Total debt
$1,875
$1,500
Common equity
Common stock
$406
$325
Retained earnings
219
175
Total common equity
$625
$500
Total assets
$2,500
$2,000
Total liabilities and equity
$2,500
$2,000
Pellegrini Southern Corporations current ratio is , and its quick ratio is ; Jing Foodstuffs Corporations current ratio is , and its quick ratio is . Note: Round your values to four decimal places.
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