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A firm's long - term assets = $ 4 0 , 0 0 0 , total assets = $ 1 5 0 , 0 0

A firm's long

-

term assets

=

40, 000,

total assets

=

150, 000,

inventory

=

35, 000

and current liabilities

=

50, 000 .

What are the firm

s current ratio and quick ratio?

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