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The following items are reported on a company's balance sheet: Cash $213,600...

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Accounting

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

Cash $213,600
Marketable securities 166,900
Accounts receivable (net) 64,500
Inventory 222,500
Accounts payable 445,000

Determine (a) the current ratio and (b) the quick ratio. Round to one decimal place.

a. Current ratio
b. Quick ratio

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