Problem 7-7 Current and Quick Ratios Ace Industries has current assets equal to $7 million. The company's current ratio is 2.0, and its quick ratio is 1.5. What is the firm's level of current liabilities? Enter your answer in dollars. For example, an answer of $1.2 million should be entered as 1,200,000 $ What is the firm's level of inventories? Enter your answer in dollars. For example, an answer of $1.2 million should be entered as 1,200,000 $