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The following items are reported on a company's balance sheet: Cash $223,900 Marketable securities 101,600 Accounts receivable 246,700 Inventory 181,100 Accounts payable 324,500 Determine the
The following items are reported on a company's balance sheet: Cash $223,900 Marketable securities 101,600 Accounts receivable 246,700 Inventory 181,100 Accounts payable 324,500 Determine the (a) current ratio, and (b) quick ratio. Round your answers to one decimal place
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