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The Following Items Are Reported on a Company's Balance Sheet

Question 51

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The following items are reported on a company's balance sheet:
$300,000 Cash 100,000 Marketable securitie 200,000 Accountsreceivable 200,000 Inventory 250,000 Accountspayable \begin{array}{ll}\$ 300,000 & \text { Cash } \\100,000 & \text { Marketable securitie } \\200,000 & \text { Accountsreceivable } \\200,000 & \text { Inventory } \\250,000 & \text { Accountspayable }\end{array} Determine the (a) current ratio and (b) quick ratio. Round your answer to one decimal place.

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(a)Current ratio = Current ass...

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