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Cornerstone Exercise 8-33 (Algorithmic) Liquidity Ratios XYZ's financial statements contain the following information: Cash $358,400 Accounts receivable 769,500 Inventory 947,700 Marketable securities 119,500 Accounts payable

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Cornerstone Exercise 8-33 (Algorithmic) Liquidity Ratios XYZ's financial statements contain the following information: Cash $358,400 Accounts receivable 769,500 Inventory 947,700 Marketable securities 119,500 Accounts payable 624,000 Accrued expenses 186,000 Long-term debt 1,220,000 Round answers to two decimal places. Required: 1. What is its current ratio? 2. What is its quick ratio? 3. What is its cash ratio? 4. Using the ratios computed above, answer the following regarding NWA's liquidity

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