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Calculate the current ratio and quick ratio for a company based on the provided information:...

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Accounting

Calculate the current ratio and quick ratio for a company based on the provided information:
Current Assets: $400,000
Current Liabilities: $200,000
Inventory: $120,000
Prepaid Expenses: $20,000
Accounts Receivable: $60,000
Marketable Securities: $40,000
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