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You are evaluating the balance sheet for PattyCake's Corporation. From the balance sheet you find the following balances: cash and marketable securities = $300,000; accounts

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You are evaluating the balance sheet for PattyCake's Corporation. From the balance sheet you find the following balances: cash and marketable securities = $300,000; accounts receivable $1,220,000, inventory = $2,120,000; accrued wages and taxes = $510,000, accounts payable $810,000, and notes payable = $620,000. Calculate PattyCakes' current ratio. (Round your answer to 2 decimal places.) Current ratio times Calculate PattyCakes' quick ratio. (Round your answer to 2 decimal places.) culate PattyCakes quick rato. (Round your answer to 2 decimal places) times Quick ratico Calculate PattyCakes' cash ratio. (Round your answer to 2 decimal places.) Cash ratio times

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