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XYZ Company, Inc. had on its balance sheet, Cash $75,000, Accounts receivable $85,000, prepaid expenses $12,000, Inventory $65,000, Loans to Shareholders $10,000 and Marketable Securities

XYZ Company, Inc. had on its balance sheet, Cash $75,000, Accounts receivable $85,000, prepaid expenses $12,000, Inventory $65,000, Loans to Shareholders $10,000 and Marketable Securities of $ 15,000. On the liability side, XYZ had loans from shareholders $40,000, Accounts Payable $50,000, Accrued Expenses $6,000, Notes payable due in 1 year or more $80,000 and current portion of notes payable of $18,000. Calculate XYZ's current and quick ration from the information provided.

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