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Problem 3-2 Liquidity Ratios (LG3-1) The top part of Ramakrishnan, Inc.s 2021 and...

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Accounting

Problem 3-2 Liquidity Ratios (LG3-1)
The top part of Ramakrishnan, Inc.s 2021 and 2020 balance sheets is listed below (in millions of dollars).
2021202020212020
Current assets: Current liabilities:
Cash and marketable securities $ 66 $ 57 Accrued wages and taxes $ 48 $ 47
Accounts receivable 159144 Accounts payable 10392
Inventory 222203 Notes payable 6052
Total $ 447 $ 404 Total $ 211 $ 191
Calculate Ramakrishnan, Inc.s current ratio for 2021 and 2020.(Round your answers to 2 decimal places.)

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