The following items are reported on a company's balance sheet:
$\begin{array}{ll}
\$ 300,000 & \text { Cash } \
100,000 & \text { Marketable securitie } \
200,000 & \text { Accountsreceivable } \
200,000 & \text { Inventory } \
250,000 & \text { Accountspayable }
\end{array}$ Determine the (a) current ratio and (b) quick ratio. Round your answer to one decimal place.

Question

The following items are reported on a company's balance sheet:
 $\begin{array}{ll}
\$ 300,000 & \text { Cash } \
100,000 & \text { Marketable securitie } \
200,000 & \text { Accountsreceivable } \
200,000 & \text { Inventory } \
250,000 & \text { Accountspayable }
\end{array}$ Determine the (a) current ratio and (b) quick ratio. Round your answer to one decimal place.

Quizplus · Accepted Answer

The Answer of The following items are reported on a company's balance sheet:
 $\begin{array}{ll}
\$ 300,000 & \text { Cash } \
100,000 & \text { Marketable securitie } \
200,000 & \text { Accountsreceivable } \
200,000 & \text { Inventory } \
250,000 & \text { Accountspayable }
\end{array}$ Determine the (a) current ratio and (b) quick ratio. Round your answer to one decimal place.

The Following Items Are Reported on a Company's Balance Sheet