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Please help, all the values in the picture are wrong. Again, these are verified wrong. You are evaluating the balance sheet for PattyCake's Corporation. From

Please help, all the values in the picture are wrong. Again, these are verified wrong.

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You are evaluating the balance sheet for PattyCake's Corporation. From the balance sheet you find the following balances: cash and marketable securities $400,000, accounts receivable = $1,200,000, inventory $2,100,000, accrued wages and taxes = $500,000 accounts payable $800,000, and notes payable $600,000. Calculate PattyCake's current ratio. (Round your answer to 2 decimal places.) Current ratio 227 times Calculate Patty Cake's quick ratio. (Round your answer to 2 decimal places.) Quick ratio 1.00 times Calculate PattyCake's cash ratio. (Round your answer to 2 decimal places.) Cash ratio0.33 times

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