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John Baker has sneaker store that operates in Lower Manhattan. Currently the store has a current inventory of $2,500, 000. Current Assets of $ 6,
John Baker has sneaker store that operates in Lower Manhattan. Currently the store has a current inventory of $2,500, 000. Current Assets of $ 6, 500, 000 and Current Liabilities of $2,000, 000.
Using the figures provided, compute the Current ratio and the Quick Acid Ratio.
Explain how these financial these analysis are used to measure financial performance.
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