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A firm's long-term assets = $20,000, total assets = $300,000, inventory = $28,000 and current liabilities = $40,000. What are the firm's current ratio and

A firm's long-term assets = $20,000, total assets = $300,000, inventory = $28,000 and current liabilities = $40,000. What are the firm's current ratio and quick ratio? (Round your answer to 1 decimal place.)

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