The following items are reported on a company's balance sheet:
$\begin{array}{lr}
\text { Cash } & \$ 230,000 \
\text { Marketable securities } & 50,000 \
\text { Accounts receivable } & 200,000 \
\text { Inventory } & 240,000 \
\text { Accounts payable } & 300,000
\end{array}$
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:
 $\begin{array}{lr}
\text { Cash } & \$ 230,000 \
\text { Marketable securities } & 50,000 \
\text { Accounts receivable } & 200,000 \
\text { Inventory } & 240,000 \
\text { Accounts payable } & 300,000
\end{array}$
 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:
 $\begin{array}{lr}
\text { Cash } & \$ 230,000 \
\text { Marketable securities } & 50,000 \
\text { Accounts receivable } & 200,000 \
\text { Inventory } & 240,000 \
\text { Accounts payable } & 300,000
\end{array}$
 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