Liquidity Ratios You Are Evaluating the Balance Sheet for Blue

Liquidity Ratios You are evaluating the balance sheet for Blue Jays Corporation.From the balance sheet you find the following balances: cash and marketable securities = $200,000,accounts receivable = $800,000,inventory = $1,000,000,accrued wages and taxes = $250,000,accounts payable = $400,000,and notes payable = $300,000.What are Blue Jays' current ratio,quick ratio,and cash ratio,respectively?

A) 1.05263, 1.05263, 0.21053
B) 2.10526, 1.05263, 0.21053
C) 3.07692, 1.53846, 0.30769
D) 3.07692, 1.05263, 0.30769

Correct Answer:

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Access For Free