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The following items are reported on a company's balance sheet: Cash $ 4 2 1 , 7 0 0 Marketable securities 3 2 9 ,

The following items are reported on a company's balance sheet:
Cash $421,700
Marketable securities 329,500
Accounts receivable (net)327,000
Inventory 239,600
Accounts payable 599,000
Determine (a) the current ratio and (b) the quick ratio. Round to one decimal place.
a. Current ratio fill in the blank 1
b. Quick ratio fill in the blank 2

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