Question: Calculate the current ratio and quick ratio given the following information: Current Assets: $150,000 Current Liabilities: $90,000 Inventory : $40,000 Prepaid Expenses: $10,000

Calculate the current ratio and quick ratio given the following information:

  • Current Assets: $150,000
  • Current Liabilities: $90,000
  • Inventory : $40,000
  • Prepaid Expenses: $10,000

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