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Determine the current ratio and quick ratio

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Reference no: EM132720468

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

Cash $210,000

Marketable securities 120,000

Accounts receivable (net) 110,000

Inventory 160,000

Accounts payable 200,000

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

a. Current ratio - _____________

b. Quick ratio - _______________b. Quick ratio - _____________

Reference no: EM132720468

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