Liquidity ratios-calculate current ratio

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Reference no: EM131817264

Liquidity Ratios

The top part of Ramakrishnan, Inc.’s 2018 and 2017 balance sheets is listed below (in millions of dollars). 2018 2017 2018 2017 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

1. Calculate Ramakrishnan, Inc.’s current ratio for 2018 and 2017. (Round your answers to 2 decimal places.)

2. Calculate Ramakrishnan, Inc.’s quick ratio for 2018 and 2017. (Round your answers to 2 decimal places.)

3. Calculate Ramakrishnan, Inc.’s cash ratio for 2018 and 2017. (Round your answers to 2 decimal places.)

Reference no: EM131817264

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