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Determine the current ratio and the quick ratio

The following items are reported on a company's balance sheet:

Cash	$200,000
Temporary investments	100,000
Accounts receivable (net)	60,000
Inventory	100,000
Accounts payable	200,000

Determine (a) the current ratio and (b) the quick ratio. Round to one decimal place.

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Solution Preview :

Prepared by a verified Expert

Finance Basics: Determine the current ratio and the quick ratio

Reference No:- TGS0557427

Have a Question? (oR Write a Review)

Recent Questions Asked Finance Basics

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Solution Preview :

Prepared by a verified Expert

Finance Basics: Determine the current ratio and the quick ratio

Reference No:- TGS0557427

Recent Questions Asked Finance Basics

Q : How do current earnings and profits differ from accumulated

Q : What is a flow-through entity

Q : Compare and contrast the requirements for the formation

Q : What is the price p of a month

Q : Determine the current ratio and the quick ratio

Q : The routine maintenance of production equipment

Q : Find company ratio of fixed assets to long-term liabilities

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Q : How expansionary activities conducted by federal reserve

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