The Following Items Are Reported on a Company's Balance Sheet

question 165

Essay

The following items are reported on a company's balance sheet: $$\begin{array} { l r } \text { Cash } & \$ 400,000 \\\text { Marketable securities } & 50,000 \\\text { Accounts receivable } & 150,000 \\\text { Inventory } & 200,000 \\\text { Accounts payable } & 250,000\end{array}$$ ​
Determine the (a) current ratio, and (b) quick ratio. Round your answer to one decimal place.

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Definitions:

Employee Performance

The extent to which an employee's work outputs and actions align with the goals and expectations of their employer.

Required Competencies

The specific skills, knowledge, and abilities needed to perform a job effectively.

MARS Model

A framework in organizational behavior that identifies four critical factors determining employee performance: Motivation, Ability, Role perceptions, and Situational factors.

Competencies

A mix of abilities, expertise, and competencies needed to successfully execute job responsibilities.