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Determine the current ratio and quick ratio

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Reference no: EM133094674

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

Cash $400,000

Marketable securities 50,000

Accounts receivable 150,000

Inventory 200,000

Accounts payable 250,000

Required - Determine the (a) current ratio, and (b) quick ratio.

Reference no: EM133094674

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