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Estimate the current ratio and the quick ratio

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Reference no: EM133116592

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

Cash $377,600

Marketable securities 295,000

Accounts receivable (net) 330,400

Inventory 177,000

Accounts payable 590,000

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

Reference no: EM133116592

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