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You are evaluating the balance sheet for Blue Jays Corporation. From the balance sheet you find the following balances: Cash and marketable securities = $200,000, Accounts receivable

You are evaluating the balance sheet for Blue Jays Corporation. From the balance sheet you find the following balances: Cash and marketable securities = $200,000, Accounts receivable = $800,000, Inventory = $1,000,000, Accrued wages and taxes = $250,000, Accounts payable = $400,000, and Notes payable = $300,000. What are Blue Jays' Current ratio, Quick ratio, and Cash ratio, respectively?

a. 1.05263, 1.05263, 0.21053

b. 2.10526, 1.05263, 0.21053

c. 3.07692, 1.53846, 0.30769

d. 3.07692, 1.05263, 0.30769

Jul 16 2021 View more View Less

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