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The following items are reported on a company's balance sheet: Cash $169,400 Marketable securities 132,400 Accounts receivable (net) 51,200 Inventory 176,500 Accounts payable 353,000 Determine

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

Cash $169,400
Marketable securities 132,400
Accounts receivable (net) 51,200
Inventory 176,500
Accounts payable 353,000

Determine (a) the current ratio and (b) the quick ratio. Round to one decimal place.

a. Current ratio

b. Quick ratio

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