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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 = $280,000; accounts
You are evaluating the balance sheet for SophieLexs Corporation. From the balance sheet you find the following balances: cash and marketable securities = $280,000; accounts receivable = $1,380,000; inventory = $2,280,000; accrued wages and taxes = $590,000; accounts payable = $890,000; and notes payable = $780,000.
Calculate SophieLex's current ratio, quick ratio, and cash ratio.
Note: Round your answers to 2 decimal places.
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