Liquidity Ratios You are evaluating the balance sheet for Shockers Corporation.

Question

Liquidity Ratios You are evaluating the balance sheet for Shockers Corporation. From the balance sheet you find the following balances: Cash and marketable securities = $800,000, Accounts receivable = $2,000,000,
Inventory =3,500,000, Accrued wages and taxes = $750,000, Accounts payable = $1,200,000, and Notes payable = $1,000,000. What are Shockers's current ratio, quick ratio, and cash ratio, respectively? 0.94915, 0.94915, 0.27119 2.13559, 0.94915, 0.27119 3.23077, 0.94915, 0.27119 3.23077, 1.43589, 0.41026 0.94915, 0.94915, 0.27119 2.13559, 0.94915, 0.27119 3.23077, 0.94915, 0.27119 3.23077, 1.43589, 0.41026 0.94915, 0.94915, 0.27119 2.13559, 0.94915, 0.27119 3.23077, 0.94915, 0.27119 3.23077, 1.43589, 0.41026

Explanation / Answer

2.13559, 0.94915, 0.27119

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