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  3. 18 the following items are reported on a company's

18 The following items are reported on a company's balance sheet: ...

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Question

Accounting

18

The following items are reported on a company's balance sheet:

Cash

$283,300

Marketable securities

92,700

Accounts receivable

235,600

Inventory

179,200

Accounts payable

275,400

Round your answers to two decimal places.

a. Determine the current ratio.

b. Determine the quick ratio.

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