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

question 51

Essay

The following items are reported on a company's balance sheet:
$\begin{array}{ll}\$ 300,000 & \text { Cash } \\100,000 & \text { Marketable securitie } \\200,000 & \text { Accountsreceivable } \\200,000 & \text { Inventory } \\250,000 & \text { Accountspayable }\end{array}$ Determine the (a) current ratio and (b) quick ratio. Round your answer to one decimal place.

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Definitions:

Prison Rules

Regulations and guidelines that govern behavior and procedures within correctional facilities to maintain order and safety.

Mass Incarceration

The substantial increase in the number of individuals imprisoned in the United States, starting in the last quarter of the 20th century.

Policies

Deliberate plans of action, guidelines, or principles designed to influence and determine decisions, actions, and other matters.

Supermax Prison

A high-security prison designed to house and manage the most dangerous inmates with very restrictive conditions.