You are evaluating the balance sheet for PattyCakes Corporation. From the balance sheet you find the following balances: cash and marketable securities = $330,000; accounts receivable = $1,320,000; inventory = $2,220,000; accrued wages and taxes = $560,000; accounts payable = $860,000; and notes payable = $720,000.

Calculate PattyCakes current ratio. (Round your answer to 2 decimal places.)

Current ratio

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Calculate PattyCakes quick ratio. (Round your answer to 2 decimal places.)

Quick ratio

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Calculate PattyCakes cash ratio. (Round your answer to 2 decimal places.)

Cash ratio

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