Question: Current Ratio and Quick Ratio The 2 Ds Boutique, named after two partners with the same name, David, has cash of $1180, accounts receivable of

Current Ratio and Quick Ratio
The 2 Ds Boutique, named after two partners with the same name, David, has cash of $1180, accounts receivable of $470, accounts payable of $386, and inventory of $350.
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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