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thank you. The following amounts were reported by Sheridan Ltd. in its most recent statement of financial position: The company had sales of $791,046 in

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The following amounts were reported by Sheridan Ltd. in its most recent statement of financial position: The company had sales of $791,046 in 2024 and $717,960 in 2023. All sales were on account. Calculate the current ratio and quick ratio for Sheridan Ltd. for the current and preceding years. (Round ratios to 2 decimal places, e.g. 15.25.)

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