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Determine the current ratio and the quick ratio

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Reference no: EM132683923

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

Problem 1: Determine (a) the current ratio and (b) the quick ratio. Round your answers to one decimal place.

Reference no: EM132683923

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