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The following items are reported on a company's balance sheet: Cash. $446,400 Marketable securities 348,800 Accounts receivable (net). 265,000 Inventory. 334,800 Accounts payable 558,000 Determine

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

Cash. $446,400

Marketable securities 348,800

Accounts receivable (net). 265,000

Inventory. 334,800

Accounts payable 558,000

Determine (a) thecurrent ratioand (b) thequick ratio. Round to one decimal place.

a.Current ratio

b.Quick ratio

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