$($@@@$1)$ Calculate the following liquidity ratios for Company J:

Current Ratio

Quick Ratio

Given the following financial information:

Current Assets: $$500,000$

Current Liabilities: $$200,000$

Inventory: $$150,000$

Prepaid Expenses: $$30,000$

Accounts Receivable: $$80,000$

Cash: $$50,000$

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