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Calculate the company current ratio and quick ratio

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Reference no: EM132514267

Question 1: Selected balance sheet and income statement data follow for Celebrity Sportswear, Inc. for the year ended December 31, 2019 (in millions). Use the data to calculate the company's current ratio and quick ratio.

Cash and cash equivalent  Short-term investments  Accounts receivable Merchandise inventories Current assets Current liabilities

$359                                  $379                             $232                          $617                                 $1,587                $1,341

Reference no: EM132514267

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