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with the info given how do i fill out these blanks Short Problem 23 a, b Taylor Company has the following financial data on January

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Short Problem 23 a, b Taylor Company has the following financial data on January 1, 2017 and January 1, 2016. 1/1/17 1/1/16 Cash $15,000 $27,000 Accounts receivable 23,000 11,000 Marketable securities 3,000 10,000 Inventory 16,000 35,000 Net plant and equipment 40,000 32,000 $18,000 $27,000 Current liabilities Long-term debt Shareholders' equity 49,000 30,000 30,000 58,000 Calculate current and quick ratios? (Round answers to 2 decimal places, e.g. 52.75.) 2017 2016 Current Ratio Quick Ratio In terms of the quick and current ratio, has the short-term solvency position of improved, remained the same, or declined? Taylor's short-term solvency position halv improved declined remained the same

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