Question: current ratio and quick ratio The 2 Ds Boutique, named after the two partners with the same name, David has cash of $1,180, accounts receivable

current ratio and quick ratio

The 2 Ds Boutique, named after the two partners with the same name, David has cash of $1,180, accounts receivable of $470, accounts payable to $386, and inventory of $3,500. What is the value of the Current Ratio? What is the value of the Quick Ratio? Why are these ratios important to know?

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