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Determine the current ratio and the quick ratio

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Reference no: EM132569160

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

Cash $446,400

Marketable securities 348,800

Accounts receivable (net) 265,000

Inventory 334,800

Accounts payable 558,000

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

Reference no: EM132569160

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