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You are evaluating the balance sheet for SophieLexs Corporation. From the balance sheet you find the following balances: cash and marketable securities = $420,000; accounts

You are evaluating the balance sheet for SophieLexs Corporation. From the balance sheet you find the following balances: cash and marketable securities = $420,000; accounts receivable = $1,160,000; inventory = $2,060,000; accrued wages and taxes = $480,000; accounts payable = $780,000; and notes payable = $560,000. Calculate SophieLex's current ratio, quick ratio, and cash ratio

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