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Liquidity Ratios (LG3-1)
The top part of Ramakrishnan, Inc,'s 2015 and 2014 balance sheets is listed below (in millions of dollars).
2015 2014 2015 2014 Current assets: Current liabilities: Cash and marketable securities$58 $49 Accrued wages and taxes$44 $43 Accounts receivable 155 140 Accounts payable 99 88 Inventory 218 199 Notes payable 64 56 Total$431 $388 Total$207 $187
Calculate Ramakrishnan, Inc.'s current ratio for 2015 and 2014. (Round your answers to 2 decimal places.)
Current ratio 2015 times 2014 times
Calculate Ramakrishnan, Inc.'s quick ratio for 2015 and 2014. (Round your answers to 2 decimal places.)
Quick ratio 2015 times 2014 times
Calculate Ramakrishnan, Inc.'s cash ratio for 2015 and 2014. (Round your answers to 2 decimal places.)
Cash ratio 2015 times 2014 times
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