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You are evaluating the balance sheet for SophieLex's Corporation. From the balance sheet you find the following balances: cash and marketable securities = $380,000; accounts

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You are evaluating the balance sheet for SophieLex's Corporation. From the balance sheet you find the following balances: cash and marketable securities = $380,000; accounts receivable = $1,240,000; inventory = $2,140,000; accrued wages and taxes = $520,000; accounts payable = $820,000; and notes payable = $640,000. Calculate SophieLex's current ratio. (Round your answer to 2 decimal places.) Current ratio Calculate SophieLex's quick ratio. (Round your answer to 2 decimal places.) Quick ratio times Cash ratio times Calculate SophieLex's cash ratio. (Round your answer to 2 decimal places.) times

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