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The following items are reported on a company's balance sheet: Cash $202,200 Marketable securities 93,900 Accounts receivable 261,300 Inventory 194,200 Accounts payable 330,000 Round your

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

Cash $202,200
Marketable securities 93,900
Accounts receivable 261,300
Inventory 194,200
Accounts payable 330,000

Round your answers to two decimal places.

a. Determine the current ratio.

b. Determine the quick ratio.

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