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The following items are reported on a company's balance sheet: Cash$253,400Marketable securities102,900Accounts receivable245,000Inventory199,800Accounts payable280,400 Round your answers to two decimal places. a. Determine the current

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

Cash$253,400Marketable securities102,900Accounts receivable245,000Inventory199,800Accounts payable280,400

Round your answers to two decimal places.

a.Determine the current ratio.

b.Determine the quick ratio.

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