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The following items are reported on a company's balance sheet: Cash$263,100Marketable securities103,600Accounts receivable274,000Inventory214,100Accounts payable277,800 Determine the (a) current ratio, and (b) quick ratio. Round your
The following items are reported on a company's balance sheet:
Cash$263,100Marketable securities103,600Accounts receivable274,000Inventory214,100Accounts payable277,800
Determine the (a) current ratio, and (b) quick ratio. Round your answers to one decimal place.
a.Current ratiofill in the blank 1
b.Quick ratiofill in the blank 2
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