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

The following items are reported on a company's balance sheet: Cash $203,500...

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Accounting

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

Cash $203,500
Marketable securities 97,500
Accounts receivable 265,800
Inventory 182,200
Accounts payable 291,900

Round your answers to two decimal places.

a. Determine the current ratio.

b. Determine the quick ratio.

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