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Determine the current ratio and quick ratio

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Reference no: EM132860280

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

Cash $263,100

Marketable securities 103,600

Accounts receivable 274,000

Inventory 214,100

Accounts payable 277,800

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

Reference no: EM132860280

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