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Question: The following items are reported on a company's balance sheet:
Cash $210,000
Marketable securities 120,000
Accounts receivable (net) 110,000
Inventory 160,000
Accounts payable 200,000
Determine (a) the current ratio and (b) the quick ratio. Round your answers to one decimal place.
a. Current ratio - _____________
b. Quick ratio - _______________b. Quick ratio - _____________
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