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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-$490,000; accounts receivable-$1,020,000; inventory-$1,920,000,

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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-$490,000; accounts receivable-$1,020,000; inventory-$1,920,000, accrued wages and taxes = $410,000; accounts payable $710,000; and notes payable $420,000 Calculate PattyCakes' current ratio. (Round your answer to 2 decimal places.) Current ratio Calculate Patty Cakes' quick ratio. (Round your answer to 2 decimal places.) Calculate PattyCakes' cash ratio. (Round your answer to 2 decimal places.) Cash ratio Prev 10130m Next > 13

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