Question

Jing Foodstuffs Corporation Balance Sheet December 31st (Millions of dollars) N&B Equipment Company Jing Foodstuffs Corporation N&B Equipment Company Assets Liabilities Current assets Current liabilities Cash $574 $369 Accounts payable $0 $0 Accounts 210 135 Accruals 127 0 receivable Inventories 616 396 Notes payable 717 675 Total current $1,400 $900 Total current $844 $675 assets liabilities Net fixed assets Long-term bonds 1,031 825 Net plant and 1,100 1,100 Total debt $1,875 $1,500 equipment Common equity Common stock $406 $325 Retained 219 175 earnings Total common equity $625 $500 Total assets $2,500 $2,000 Total liabilities $2,500 $2,000 and equity N&B Equipment Company's current ratio is and its quick ratio is ?, and its quick ratio is ?; Jing Foodstuffs Corporation's current ratio is ? Note: Round your values to four decimal places.

          Jing Foodstuffs
Corporation
Balance Sheet December 31st (Millions of dollars)
N&B Equipment
Company
Jing Foodstuffs
Corporation
N&B Equipment
Company
Assets
Liabilities
Current assets
Current liabilities
Cash
$574
$369
Accounts payable $0
$0
Accounts
210
135
Accruals
127
0
receivable
Inventories
616
396
Notes payable
717
675
Total current
$1,400
$900
Total current
$844
$675
assets
liabilities
Net fixed assets
Long-term bonds
1,031
825
Net plant and
1,100
1,100
Total debt
$1,875
$1,500
equipment
Common equity
Common stock
$406
$325
Retained
219
175
earnings
Total common
equity
$625
$500
Total assets
$2,500
$2,000
Total liabilities
$2,500
$2,000
and equity
N&B Equipment Company's current ratio is
and its quick ratio is
?, and its quick ratio is
?; Jing Foodstuffs Corporation's current ratio is
?
Note: Round your values to four decimal places.

Jing Foodstuffs
Corporation
Balance Sheet December 31st (Millions of dollars)
N B Equipment
Company
Jing Foodstuffs
Corporation
N B Equipment
Company
Assets
Liabilities
Current assets
Current liabilities
Cash
574369
Accounts payable 00
Accounts
210
135
Accruals
127
0
receivable
Inventories
616
396
Notes payable
717
675
Total current
1,400900
Total current
844675
assets
liabilities
Net fixed assets
Long-term bonds
1,031
825
Net plant and
1,100
1,100
Total debt
1,8751,500
equipment
Common equity
Common stock
406325
Retained
219
175
earnings
Total common
equity
625500
Total assets
2,5002,000
Total liabilities
2,5002,000
and equity
N B Equipment Company's current ratio is
and its quick ratio is
?, and its quick ratio is
?; Jing Foodstuffs Corporation's current ratio is
?
Note: Round your values to four decimal places.

Added by Elizabeth M.

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