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Determine the current ratio and the quick ratio

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Reference no: EM131966927

Question - Current Position Analysis

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

Cash $405,900

Marketable securities 317,100

Accounts receivable (net) 364,200

Inventory 181,200

Accounts payable 453,000

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

Reference no: EM131966927

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