You are evaluating the balance sheet for PattyCakes Corporation. From the balance sheet you find the following balances: cash and marketable securities = $500,000; accounts receivable = $1,000,000; inventory = $1,900,000; accrued wages and taxes = $400,000; accounts payable = $700,000; and notes payable = $400,000

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

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

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