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Calculate the quick ratio and acid-test ratio

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Reference no: EM132702637

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.

Required -

1. Calculate the current ratio.

2. Calculate the quick ratio and acid-test ratio.

Reference no: EM132702637

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