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Determine the current ratio

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Reference no: EM132684234

Problem - Current position analysis - The following items are reported on a company's balance sheet:

Cash $200,000

Temporary investments 100,000

Accounts receivable (net) 60,000

Inventory 100,000

Accounts payable 200,000

Required -

Determine the current ratio. Round to one decimal place.

Determine the quick ratio. Round to one decimal place.

Reference no: EM132684234

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