The following items are reported on a companys balance, Accounting Basics

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The following items are reported on a companys balance

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

Cash	$160,000
Marketable securities	75,000
Accounts receivable (net)	65,000
Inventory	140,000
Accounts payable	200,000

Determine (a) the current ratio and (b) the quick ratio. Round to one decimal place.

a. Current ratio
b. Quick ratio

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Accounting Basics: The following items are reported on a companys balance

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Accounting Basics: The following items are reported on a companys balance

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