Liquidity Ratios The top part of Rammy's Inc.'s 2008 balance sheet is listed below (in millions of dollars). What are Rammy's Inc.'s Current ratio, Quick ratio, and Cash ratio for 2008?
A) 1.74242, 0.30303, 0.07576
B) 7.1875, 1.25, 0.3125
C) 1.43939, 0.30303, 0.07576
D) 19.16667, 3.33333, 0.83333

Question

Liquidity Ratios The top part of Rammy's Inc.'s 2008 balance sheet is listed below (in millions of dollars).  What are Rammy's Inc.'s Current ratio, Quick ratio, and Cash ratio for 2008?
A) 1.74242, 0.30303, 0.07576 
B) 7.1875, 1.25, 0.3125 
C) 1.43939, 0.30303, 0.07576 
D) 19.16667, 3.33333, 0.83333

Quizplus · Accepted Answer

The Answer of Liquidity Ratios The top part of Rammy's Inc.'s 2008 balance sheet is listed below (in millions of dollars).  What are Rammy's Inc.'s Current ratio, Quick ratio, and Cash ratio for 2008?
A) 1.74242, 0.30303, 0.07576 
B) 7.1875, 1.25, 0.3125 
C) 1.43939, 0.30303, 0.07576 
D) 19.16667, 3.33333, 0.83333

Liquidity Ratios the Top Part of Rammy's Inc