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.