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Answer what is required The following balances were taken from the most recent statement of financial position of HL! Company: Cash P160,000 Shor term investment

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The following balances were taken from the most recent statement of financial position of HL! Company: Cash P160,000 Shor term investment ------. 180,000 Accounts receivable 250,000 Inventories------. 300,000 Other current assets 150,000 Current liabilities - 600,000 Required: Compute for the following: a. Current ratio b. Quick ratio C. Cash ratio

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