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The following items are reported on a company's balance sheet: Cash $257,900 Marketable securities 97,100 Accounts receivable 226,500 Inventory 177,800 Accounts payable 288,700 Determine (a)

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The following items are reported on a company's balance sheet: Cash $257,900 Marketable securities 97,100 Accounts receivable 226,500 Inventory 177,800 Accounts payable 288,700 Determine (a) the current ratio and (b) the quick ratio. Round your answers to two decimal places. a. Current ratio b. Quick ratio

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