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The following items are reported on a company's balance sheet: Cash $317,400 Marketable securities 248,000 Accounts receivable (net) 330,600 Inventory 96,000 320,000 Accounts payable

The following items are reported on a company's balance sheet: Cash $317,400 Marketable securities 248,000 Accounts receivable (net) 330,600 Inventory 96,000 320,000 Accounts payable Determine (a) the current ratio and (b) the quick ratio. Round to one decimal place. a. Current ratio b. Quick ratio

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