Liquidity Ratios You are evaluating the balance sheet for SophieLex’s Corporation.

From the balance sheet you find the following balances: cash and marketable securities = \($400,000;\) accounts receivable = \($1,200,000;\) inventory = \($2,100,000; accrued\) wages and taxes = \($500,000;\) accounts payable = \($800,000;\) and notes payable = \($600,000\) . Calculate SophieLex’s current ratio, quick ratio, and cash ratio.