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Determine the current ratio and the quick ratio

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Reference no: EM133113591

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

Cash $694,300

Marketable securities 542,400

Accounts receivable (net) 526,100

Inventory 406,800

Accounts payable 678,000

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

Reference no: EM133113591

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