Question: Current and Quick Ratios Ace Industries has current assets equal to $3 million. The companys current ratio is 1.5, and its quick ratio is 1.0.

Current and Quick Ratios

Ace Industries has current assets equal to $3 million. The companys current ratio is 1.5, and its quick ratio is 1.0. What is the firms level of current liabilities? What is the firms level of inventories? If its not too much to ask can you explain how to use a financial calculator step-by-step please? Thank!

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