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The following items are reported on a company's balance sheet: Cash $217,700 Marketable securities 97,400 Accounts receivable 242,400 Inventory 193,900 Accounts payable 285,400 Round your

The following items are reported on a company's balance sheet:

Cash $217,700
Marketable securities 97,400
Accounts receivable 242,400
Inventory 193,900
Accounts payable 285,400

Round your answers to two decimal places.

a. Determine the current ratio.

b. Determine the quick ratio.

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The following items are reported on a company's balance sheet: Cash $217,700 Marketable securities 97,400 Accounts receivable 242,400 Inventory 193,900 Accounts payable 285,400 Round your answers to two decimal places. a. Determine the current ratio. 2.6 b. Determine the quick ratio. 1.9 Feedback Check My Work Incorrect

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