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The following items are reported on a company's balance sheet: Cash $325,100 Marketable securities 254,000 Accounts receivable (net) 182,900 Inventory 254,000 Accounts payable 635,000 Determine

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

Cash $325,100
Marketable securities 254,000
Accounts receivable (net) 182,900
Inventory 254,000
Accounts payable 635,000

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

a. Current ratio fill in the blank 1
b. Quick ratio fill in the blank 2

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