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Liquidity Ratios You Are Evaluating the Balance Sheet for Blue

question 29

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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?


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