Question : you evaluating the balance sheet for patty
you are evaluating the balance sheet for patty
You are evaluating the balance sheet for PattyCake's Corporation. From the balance sheet you find the following balances cash and marketable securities = $440,000; accounts receivable = $1, 120,000; inventory = $2, 020,000; accrued wages and taxes = $460,000; accounts payable = $760,000; and notes payable = $520,000. Calculate PattyCakes' current ratio. Calculate PattyCakos' quick ratio Calculate PattyCakes' cash ratio.