he top part of Ramakrishnan, Inc,s 2015 and 2014 balance sheets is listed below (in...
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Accounting
he 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 | $ | 40 | $ | 31 | Accrued wages and taxes | $ | 35 | $ | 34 | |||||||
| Accounts receivable | 146 | 131 | Accounts payable | 90 | 79 | |||||||||||
| Inventory | 209 | 190 | Notes payable | 73 | 65 | |||||||||||
| Total | $ | 395 | $ | 352 | Total | $ | 198 | $ | 178 | |||||||
| 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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