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Category > Accounting Posted 24 May 2017 My Price 5.00

Current position analysis

Current position analysis

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

 

 
  Cash $210,000 Marketable securities 120,000 Accounts receivable (net) 110,000 Inventory 160,000 Accounts payable 200,000

 

 

 

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

 

Answers

Alpha Geek
(8)
Status NEW Posted 24 May 2017 08:05 AM My Price 5.00

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file 1495615186-Answer.docx preview (48 words )
C-----------urr-----------ent----------- po-----------sit-----------ion----------- an-----------aly-----------sis----------- T-----------he -----------fol-----------low-----------ing----------- it-----------ems----------- ar-----------e r-----------epo-----------rte-----------d o-----------n a----------- co-----------mpa-----------nyâ-----------€™s----------- ba-----------lan-----------ce -----------she-----------et:----------- -----------  -----------Det-----------erm-----------ine----------- (a-----------) t-----------he -----------cur-----------ren-----------t r-----------ati-----------o a-----------nd -----------(b)----------- th-----------e q-----------uic-----------k r-----------ati-----------o. -----------Rou-----------nd -----------to -----------one----------- de-----------cim-----------al -----------pla-----------ce.----------- A-----------nsw-----------er ----------- Ca-----------sh=----------- $2-----------000-----------00 -----------Mar-----------ket-----------abl-----------e s-----------ecu-----------rit-----------ies-----------= $-----------120-----------000----------- Ac-----------cou-----------nts----------- Re-----------cei-----------vab-----------le=----------- $1-----------100-----------00 -----------Inv-----------ent-----------ory-----------= $-----------160-----------000----------- ac-----------cou-----------nts----------- pa-----------yab-----------le=----------- $2-----------000-----------00 -----------Tot-----------al -----------cur-----------ren-----------t a-----------sse-----------ts=----------- C-----------ash-----------+ -----------Mar-----------ket-----------abl-----------e s-----------ecu-----------rit-----------ies-----------+ -----------Acc-----------oun-----------ts -----------Rec-----------eiv-----------abl-----------e+Â----------- In-----------ven-----------tor-----------y =----------- $2-----------000-----------00+----------- $1-----------200-----------00+-----------$11-----------000-----------0+$-----------160-----------000-----------
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