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Given the following balances calculate and distinguish the current and the quick ratios: Cash $30,000 Accounts Receivable 25,000 Inventories 15,000 Current Liabilities 35,000 Do we

Given the following balances calculate and distinguish the current and the quick ratios:

Cash $30,000

Accounts Receivable 25,000

Inventories 15,000

Current Liabilities 35,000

Do we have reasons to be concerned with the liquidity of this company? Explain.

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