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Determine the current ratio and the quick ratio

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Reference no: EM133163961

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

Cash $390,400

Marketable securities 305,000

Accounts receivable (net) 292,300

Inventory 232,400

Accounts payable 581,000

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

Reference no: EM133163961

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