Calculate Ramakrishnan, Inc.'s quick ratio for 2021 and 2020. (Round your answers to 2 decimal places.)20212020Quick ratiotimestimes The top part of Ramakrishnan, Inc.'s, 2021 and 2020 balance sheets is listed below (in millions of dollars).2021 2020Current assets:Cash and marketable securitiesAccounts receivableInventoryTotal$ 34143206$383$ 25128187$340Current liabilities:Accrued wages and taxesAccounts payableNotes payableTotal2021$ 328776$1952020$ 317668$175

QUICK RATIO Quick Ratio is the Ratio between Liquid Assets & Current Liabilities. Liquid Assets…

Answered: Calculate Ramakrishnan, Inc.'s quick…

Calculate Ramakrishnan, Inc.'s quick ratio for 2021 and 2020. (Round your answers to 2 decimal places.) 2021 2020 Quick ratio times times

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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Suppose the following financial data were reported by 3M Company for 2019 and 2020 (dollars in millions). 3M CompanyBalance Sheets (partial) 2020 2019Current assets Cash and cash equivalents $3,180 $1,836Accounts receivable, net 3,600 3,180Inventories 2,738 3,019Other current assets 1,932 1,590Total current assets $11,450 $9,625Current liabilities $4,830 $5,887 Calculate the current ratio and working capital for 3M for 2019 and 2020. (Round current ratio to 2 decimal places, e.g. 1.25 : 1. Enter working capital answers to million.) Current ratio 2019 :12020 :1 Working capital 2019 $ million2020 $ million Link to Text
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