Calculate the current and quick ratios for each company

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Reference no: EM131084593

Two sports apparel stores in Gainesville have the following: Store 1 has current assets of $800,000, current liabilities of $1 million and no inventory. Store 2 has current assets $1.2 million, current liabilities of $900,000 and an inventory worth $130,000. Calculate the current and quick ratios for each company. Which one do you think is in a better financial position and why?

Reference no: EM131084593

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