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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 = $470,000, accounts
You are evaluating the balance sheet for PattyCake's Corporation. From the balance sheet you find the following balances: cash and marketable securities = $470,000, accounts receivable = $1,060,000, Inventory = $1,960,000, accrued wages and taxes = $430000, accounts payable = $730,000, and notes payable = $460,000.
Calculate PattyCake's current ratio (Round your answer to decimals places.
Calculate PattyCake's quick ratio (Round your answer to decimals places.
Calculate PattyCake's cash ratio (Round your answer to decimals places.
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