T You are evaluating the balance sheet for PattyCake's Corporation. From the balance sheet you find the following balances: cash and marketable securities = $260,000; accounts receivable $1,400,000;...

T<br>You are evaluating the balance sheet for PattyCake's Corporation. From the balance sheet you find the following balances: cash and<br>marketable securities = $260,000; accounts receivable $1,400,000; inventory $2,300,000; accrued wages and taxes $600,000:<br>accounts payable = $900,000; and notes payable $800,000.<br>Calculate PattyCakes current ratio. (Round your answer to 2 declmal places.)<br>Current ratio<br>Calculate PattyCakes' quick ratio. (Round your answer to 2 decimal places.)<br>Quick ratio<br>Calculate PattyCakes' cash ratio. (Round your answer to 2 declmal places.)<br>Cash ratio<br>times<br>Mc<br>Graw<br>19 of 40<br>Kald ><br>2 Type here to search<br>F1<br>F2<br>F4<br>F5<br>F7<br>F10<br>F11<br>F12<br>PrtScr<br>#<br>V<br>2$<br>2.<br>)<br>4.<br>5.<br>7.<br>8.<br>6.<br>R.<br>

Extracted text: T You are evaluating the balance sheet for PattyCake's Corporation. From the balance sheet you find the following balances: cash and marketable securities = $260,000; accounts receivable $1,400,000; inventory $2,300,000; accrued wages and taxes $600,000: accounts payable = $900,000; and notes payable $800,000. Calculate PattyCakes current ratio. (Round your answer to 2 declmal places.) Current ratio Calculate PattyCakes' quick ratio. (Round your answer to 2 decimal places.) Quick ratio Calculate PattyCakes' cash ratio. (Round your answer to 2 declmal places.) Cash ratio times Mc Graw 19 of 40 Kald > 2 Type here to search F1 F2 F4 F5 F7 F10 F11 F12 PrtScr # V 2$ 2. ) 4. 5. 7. 8. 6. R.

Jun 11, 2022

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T You are evaluating the balance sheet for PattyCake's Corporation. From the balance sheet you find the following balances: cash and marketable securities = $260,000; accounts receivable $1,400,000;...

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