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SDJ, Inc., has net working capital of $2,170, current liabilities of $4,590, and inventory of $3,860. a. What is the current ratio? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.) b. What is the quick ratio? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.)

Respuesta :

Answer:

1.47 times ; 0.63 times

Explanation:

Given that,

Net working capital = $2,170,

current liabilities = $4,590

Inventory = $3,860

Current assets = net working capital + current liabilities

                         = $2,170 + $4,590

                         = $6,760

Current ratio = current assets ÷ current liabilities

                     = $6,760 ÷ $4,590

                     = 1.47 times

Quick ratio = (current assets - inventory) ÷ current liabilities

                   = ($6,760 - $3,860) ÷ $4,590  

                   = 0.63 times

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