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You are evaluating the balance sheet for SophieLexs Corporation. From the balance sheet you find...

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Accounting

You are evaluating the balance sheet for SophieLexs Corporation. From the balance sheet you find the following balances: cash and marketable securities = $370,000; accounts receivable = $1,260,000; inventory = $2,160,000; accrued wages and taxes = $530,000; accounts payable = $830,000; and notes payable = $660,000.
Calculate SophieLex's current ratio, quick ratio, and cash ratio.

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