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Determine the current ratio and quick ratio

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Reference no: EM132677715

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

Cash $296,400

Marketable securities 107,200

Accounts receivable 254,500

Inventory 222,300

Accounts payable 288,100

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

Reference no: EM132677715

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