Calculate Ramakrishnan Incs current ratio for 2015 and 2014

Calculate Ramakrishnan, Inc.’s current ratio for 2015 and 2014. (Round your answers to 2 decimal places.)

Calculate Ramakrishnan, Inc.’s quick ratio for 2015 and 2014. (Round your answers to 2 decimal places.)

Calculate Ramakrishnan, Inc.’s cash ratio for 2015 and 2014. (Round your answers to 2 decimal places.)

The top part of Ramakrishnan, Inc,’s 2015 and 2014 balance sheets is listed below (in millions of dollars).

All these 3 ratios are indicator of an organization\'s liquidity position.

a) Current Ratio = Current Assets/Current Liabilities

For 2015, Current ratio = 403/200 = 2.02

For 2014, Current ratio = 360/180 = 2.00

b) Quick Ratio = (Current Assets - Inventories)/Current Liabilities

For 2015, Quick ratio = (403-211)/200 = 0.96

For 2014, Quick ratio = (360-192)/180 = 0.93

c) Cash ratio = Cash & Cash Equivalents/Current Liabilities

For 2015, Cash ratio = 44/200 = 0.22

For 2014, Cash ratio = 35/180 = 0.19