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Compute the current ratio and the quick ratio

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Question - Current Position Analysis - The following items are reported on a company's balance sheet:

Cash $679,000

Marketable securities 530,500

Accounts receivable (net) 590,900

Inventory 321,500

Accounts payable 643,000

Required - Compute (a) the current ratio and (b) the quick ratio.

Reference no: EM133119519

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