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1 . Calculate the gross margin ratio from the above financial statements. 2 . Calculate the current ratio for the above financial statements. 3 .

1 .

Calculate the gross margin ratio from the above financial statements.

2 .

Calculate the current ratio for the above financial statements.

3 .

Calculate the quick ratio for the above financial statements.

4 .

Discuss the difference between the current ratio and the quick ratio.

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