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Determine the current ratio and the quick ratio

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Reference no: EM132971548

Current Position Analysis

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

Cash $225,300

Marketable securities $176,000

Accounts receivable (net) $126,700

Inventory $176,000

Accounts payable $440,000

Problem 1: Determine (a) the current ratio and (b) the quick ratio.

Reference no: EM132971548

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