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Determine the current ratio and quick ratio

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Reference no: EM132879436

Problem - Current position analysis - 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

Required - Determine the current ratio and quick ratio.

Reference no: EM132879436

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