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Determine the current ratio and the quick ratio

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Reference no: EM133052408

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

Cash $276,000

Marketable securities 215,600

Accounts receivable (net) 83,400

Inventory 287,500

Accounts payable 575,000

Required - Determine (a) the current ratio and (b) the quick ratio.

Reference no: EM133052408

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