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E4.1 A restaurant reported the following current assets: cash $11, 200, credit card receivables $808, accounts receivable $260, food inventory $4, 482. and prepaid expenses,

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A restaurant reported the following current assets: cash $11, 200, credit card receivables $808, accounts receivable $260, food inventory $4, 482. and prepaid expenses, $1, 220. Current liabilities total $6, 912. Answer the following: a. Calculate the current ratio. b. Calculate the quick ratio (acid test ratio)

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