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BrightBank Corporation provides the following financial information for the fiscal year ending December 31, 20X7: Current Assets: $200 million Current Liabilities: $80 million Cash: $50
BrightBank Corporation provides the following financial information for the fiscal year ending December 31, 20X7:
- Current Assets: $200 million
- Current Liabilities: $80 million
- Cash: $50 million
- Accounts Receivable: $100 million
- Inventory: $30 million
- Short-term Investments: $20 million
- Current Debt: $60 million
- Marketable Securities: $40 million
Calculate the liquidity ratios, including the current ratio and quick ratio, and interpret the results to assess BrightBank Corporation's short-term financial stability.
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