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Determine the current ratio and the quick ratio

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Reference no: EM133138308

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

Cash $278,000

Marketable securities 217,200

Accounts receivable (net) 169,100

Inventory 204,400

Accounts payable 511,000

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

Reference no: EM133138308

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