182. The following items are reported on a company’s balance sheet: Cash $350,000 Marketable securities 50,000 Accounts receivable 200,000 Inventory 240,000 Accounts payable 300,000 Determine the (a) current ratio, and (b) quick ratio? Round your answer to one digit after the decimal place. 183. The following items are reported on a company’s balance sheet: Cash $400,000 Marketable securities 50,000 Accounts receivable 150,000 Inventory 200,000 Accounts payable 250,000 Determine the (a) current ratio, and (b) quick ratio? Round your answer to one digit after the decimal place. 184. A Company reports the following: Net sales $720,000 Average accounts receivable (net) $ 45,000 Determine the (a) accounts receivable turnover, and (b) number of days’ sales in receivables? Round your answer to one digit after the decimal place.

182. The following items are reported on a company’s balance sheet: Cash $350,000 Marketable securities 50,000 Accounts receivable 200,000 Inventory 240,000 ...

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

Determine the (a) current ratio, and (b) quick ratio? Round your answer to one digit after the decimal place.

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

Determine the (a) current ratio, and (b) quick ratio? Round your answer to one digit after the decimal place.

184. A Company reports the following:

	Net sales	$720,000
	Average accounts receivable (net)	$ 45,000

Determine the (a) accounts receivable turnover, and (b) number of days’ sales in receivables? Round your answer to one digit after the decimal place.

May 15, 2022