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18 The following items are reported on a company's balance sheet: Cash $283,300 Marketable securities 92,700 Accounts receivable 235,600 Inventory 179,200 Accounts payable 275,400 Round

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

Cash	$283,300
Marketable securities	92,700
Accounts receivable	235,600
Inventory	179,200
Accounts payable	275,400

Round your answers to two decimal places.

a. Determine the current ratio.

b. Determine the quick ratio.

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