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Determine the current ratio and the quick ratio

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Reference no: EM133081492

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

Cash $261,300

Marketable securities 204,100

Accounts receivable (net) 209,100

Inventory 142,000

Accounts payable 355,000

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

Reference no: EM133081492

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