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The following items are reported on a companys balance

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Reference no: EM13574269

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

Cash

$200,000

Temporary investments

100,000

Accounts receivable (net)

60,000

Inventory

100,000

Accounts payable

200,000

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

Reference no: EM13574269

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