westenwright4174 westenwright4174
  • 12-06-2024
  • Business
Answered

Given the following information, compute the current and quick ratios:

Cash $ 120,000
Accounts receivable 391,000
Inventory 438,000
Current liabilities 523,000
Long-term debt 637,000
Equity 613,000

Round your answers to two decimal places.
Current ratio:________ :1
Quick ratio:_________ :1



Answer :

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