Liquidity Ratios-The top part of Ramakrishnan, Inc.’s 2018 and 2017 balance sheets is listed below (in millions of dollars). 2018 2017 2018 2017Current assets: Current liabilities: Cash and marketable securities$42 $33 Accrued wages and taxes$36 $35 Accounts receivable 147 132 Accounts payable 91 80 Inventory 210 191 Notes payable 72 64 Total$399 $356 Total$199 $179
Calculate Ramakrishnan, Inc.’s current ratio for 2018 and 2017. (Round your answers to 2 decimal places.)
Calculate Ramakrishnan, Inc.’s quick ratio for 2018 and 2017. (Round your answers to 2 decimal places.)
Calculate Ramakrishnan, Inc.’s cash ratio for 2018 and 2017. (Round your answers to 2 decimal places.)