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The following items are reported on a company's balance sheet: Cash $225,900 Marketable securities 88,700 Accounts receivable 228,800 Inventory 193,700 Accounts payable 308,800 Round your

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

Cash	$225,900
Marketable securities	88,700
Accounts receivable	228,800
Inventory	193,700
Accounts payable	308,800

Round your answers to two decimal places.

a. Determine the current ratio.

b. Determine the quick ratio.

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