You are evaluating the balance sheet for SophieLex's Corporation. From the balance sheet you find the following balances: cash and marketable securities $=$$$400,000$; accounts receivable $=$$$1,200,000$; inventory $=$$$2,100,000$; accrued wages and taxes $=$$$500,000$; accounts payable $=$$$800,000$; and notes payable $=$$$600,000.$

$0\mathrm{.}45$

points

Calculate SophieLex's current ratio. $($Round your answer to $2$ decimal places.$)$

$02$:$08$:$39$

Current ratio

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eBook

Calculate SophieLex's quick ratio. $($Round your answer to $2$ decimal places.$)$

Hint

Quick ratio

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References

Calculate SophieLex's cash ratio. $($Round your answer to $2$ decimal places.$)$

$\backslash$table$[[$Cash ratio$]]$