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The following items are reported on a companys balance sheet

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Reference no: EM131126940

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

Cash $190,000
Temporary investments 150,000
Accounts receivable (net) 260,000
Inventory 300,000
Accounts payable 600,000

Determine 

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

Reference no: EM131126940

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