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Determine the current ratio and the quick ratio

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Reference no: EM132719472

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

Cash $225,000

Marketable securities 115,000

Accounts receivable (net) 112,000

Inventory 158,000

Accounts payable 244,000

Required - Determine the current ratio and the quick ratio. Round to one decimal place.

Reference no: EM132719472

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