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The following items are reported on a company's balance sheet: Cash: $ 2 1 0 , 5 0 0 Marketable securities: 8 4 , 1

The following items are reported on a company's balance sheet:
Cash: $210,500
Marketable securities: 84,100
Accounts receivable: 246,000
Inventory: 214,400
Accounts payable: 312,500
Determine the (a) current ratio and (b) quick ratio. Round answers to one decimal place.
a. Current ratio:
b. Quick ratio:

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