You are evaluating the balance sheet for PattyCakes Corporation. From the balance sheet you find the following balances: cash and marketable securities = $480,000; accounts receivable = $1,040,000; inventory = $1,940,000; accrued wages and taxes = $420,000; accounts payable = $720,000; and notes payable = $440,000.

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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