For Company II$,$ compute the following liquidity ratios:

Current Ratio

Quick Ratio

Given the following financial information:

Current Assets: $$2,000,000$

Current Liabilities: $$1,200,000$

Inventory: $$800,000$

Prepaid Expenses: $$150,000$

Accounts Receivable: $$300,000$

Cash: $$400,000$

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