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Given the following information, compute the current and quick ratios: Cash $ 120,000 Accounts receivable 379,000 Inventory 493,000 Current liabilities 450,000 Long-term debt 631,000 Equity
Given the following information, compute the current and quick ratios:
| Cash | $ | 120,000 |
| Accounts receivable | 379,000 | |
| Inventory | 493,000 | |
| Current liabilities | 450,000 | |
| Long-term debt | 631,000 | |
| Equity | 626,000 |
Round your answers to two decimal places.
Current ratio: :1
Quick ratio: :1
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Inside And Outside Liquidity
Authors: Bengt Holmstroem, Jean Tirole
1st Edition
0262518538, 9780262518536
