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The following items are reported on a company's balance sheet: Cash Marketable securities Accounts receivable Inventory $202,600 102,400 271,300 219,100 297,900 Accounts payable Determine

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The following items are reported on a company's balance sheet: Cash Marketable securities Accounts receivable Inventory $202,600 102,400 271,300 219,100 297,900 Accounts payable 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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