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Determine the current ratio and the quick ratio

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Reference no: EM132803707

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

Cash $661,500

Marketable securities 516,800

Accounts receivable (net) 630,500

Inventory 258,400

Accounts payable 646,000

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

Reference no: EM132803707

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