What are mars incs current ratio and quick ratio

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Reference no: EM132651013

Problem 1: The top part of Rammy's Inc.'s 2018 balance sheet is listed as follows (in millions of dollars).

Current assets:                                           Current liabilities:

Cash and marketable securities $5             Accrued wages and taxes $6

Accounts receivable 15                          Accounts payable 10

Inventory 95                                         Notes payable 50

Total $115                                             Total $66

What are Mars, Inc.'s current ratio, quick ratio, and cash ratio for 2018?

Option 1: 1.43939, 0.30303, 0.07576

Option 2: 19.16667, 3.33333, 0.83333

Option 3: 7.1875, 1.25, 0.3125

Option 4: 1.74242, 0.30303, 0.07576

Problem 2: Which ratio measures the number of dollars of sales produced per dollar of inventory?

Option 1: internal-growth

Option 2: inventory turnover

Option 3: cash

Option 4: asset management

Reference no: EM132651013

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