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Given the following information, compute the current and quick ratios: Cash $100,000 Accounts recievable 357,000 Inventory 458,000 Current Liabilities 498,000 Long-term Debt 610,000 Equity 598,000

Given the following information, compute the current and quick ratios:

Cash $100,000

Accounts recievable 357,000

Inventory 458,000

Current Liabilities 498,000

Long-term Debt 610,000

Equity 598,000

Please explain in detail, show work:-) TY

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