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The following items are reported on a company's balance sheet: Cash $320,000 Marketable securities 170,000 Accounts receivable (net) 140,000 Inventory 450,000 Accounts payable 300,000 Determine

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

Cash $320,000

Marketable securities 170,000

Accounts receivable (net) 140,000

Inventory 450,000

Accounts payable 300,000

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

A. Current Ratio =

B. Quick Ratio =

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