SDJ, Inc., has net working capital of $2,135, current liabilities of $5,320, and inventory of $2,470. a. What is the cu...

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SDJ, Inc., has net working capital of $2,135, current liabilities of $5,320, and inventory of $2,470. a. What is the current

Answer 1

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Answer #1

1)

Net working capital = Current assets - current liabilities

2,135 = Current assets - 5,320

Current assets = 7,455

Current ratio = Current assets / current liabilities

Current ratio = 7,455 / 5,320

Current ratio = 1.40

2)

Quick ratio = (Current assets - inventory) / current liabilities

Quick ratio = (7,455 - 2,470) / 5,320

Quick ratio = 0.94

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Answer 2

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