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Determine the current ratio and the quick ratio

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Reference no: EM133063660

Question - The following items are reported on a company's balance sheet: Cash $242,600 Marketable securities 105.400 Accounts receivable 263.400 Inventory 207.000 Accounts payable 281,200. Determine (a) the current ratio and (b) the quick ratio.

Reference no: EM133063660

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