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Given the following information, compute the current and quick ratios: Cash $ 80,000 Accounts receivable 304,000 Inventory 437,000 Current liabilities 519,000 Long-term debt 663,000 Equity
Given the following information, compute the current and quick ratios:
Cash | $ | 80,000 |
Accounts receivable | 304,000 | |
Inventory | 437,000 | |
Current liabilities | 519,000 | |
Long-term debt | 663,000 | |
Equity | 583,000 |
Round your answers to two decimal places.
Current ratio: :1
Quick ratio: :1
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