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Determine the current ratio and quick ratio

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Reference no: EM132525046

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

Cash $258,000

Marketable securities 114,000

Accounts receivable 187,000

Inventory 204,000

Notes payable (short-term) 249,000

Required - Determine the (a) current ratio and (b) quick ratio. Round your answers to one decimal place.

Reference no: EM132525046

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