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9. The following items are reported on Denver Company's balance sheet: Cash Marketable securities Accounts receivable (net) Inventory Accounts payable $190,000 160,000 240,000 350,000 600,000

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9. The following items are reported on Denver Company's balance sheet: Cash Marketable securities Accounts receivable (net) Inventory Accounts payable $190,000 160,000 240,000 350,000 600,000 Determine the (a) current ratio and (b) quick ratio. Round your answers to one decimal place

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