Homework Answers
a) Current ratio = (current assets/current liabilities)
= ((total current assets-deferred income taxes)/current liabilities)
= ((28757-700)/10769)
= 2.61
b) Quick ratio = ((current assets-inventories)/current liabilities)
= ((total current assets-deferred income taxes-inventories)/current liabilities)
= ((28757-700-7807)/10769)
= 1.88
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