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Assets Use the following Information to answer the questions: Liabilities and Equity Cash 13,000 Accounts payable 16,000 Marketable securities 2,000 Notes payable 6,000 Accounts receivable

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Assets Use the following Information to answer the questions: Liabilities and Equity Cash 13,000 Accounts payable 16,000 Marketable securities 2,000 Notes payable 6,000 Accounts receivable 6,000 Current liabilities 22,000 Inventory 29,000 Long-term debt 95,000 Current assets 50,000 Total abilities 117,000 Machines 34,000 Paid-in capital 20,000 Real estate 80,000 Retained earnings 27,000 Fixed assets 114,000 Equity 47,000 Total assets 164,000 Total llab. & equity 164,000 Attempt 1/10 for 10 pts. Part What is the current ratio? 2+ decimals Submit Attempt 1/10 for 10 pts. Part 2 What is the quick ratio (aka the acid test)? 2 decimals

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