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Determine the current ratio

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Reference no: EM133095523

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

Cash $237,400

Marketable securities 104,600

Accounts receivable 256,100

Inventory 207,800

Accounts payable 279,100

Required -

a. Determine the current ratio.

b. Determine the quick ratio.

Reference no: EM133095523

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