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Calculate the current ratio

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Problem - Chen Company has current assets equal to $5,000,000. Of these, $1,000,000 is cash, $2,250,000 is accounts receivable, $500,000 is inventory, and the remainder is marketable securities. Current liabilities total $4,000,000. Calculate the current ratio. Calculate the quick ratio (acid-test ratio).

Reference no: EM132874705

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