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The following items are reported on a company's balance sheet: Cash $204,500 Marketable securities 103,400 Accounts receivable 258,500 Inventory 215,600 Accounts payable 327,100 Round answers

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

Cash $204,500
Marketable securities 103,400
Accounts receivable 258,500
Inventory 215,600
Accounts payable 327,100

Round answers to two decimal places.

a. Determine the current ratio.

b. Determine the quick ratio.

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