Question: Example Exercise 17-3 The following items are reported on a company's balance sheet: SHOW ME HOW Cash Marketable securities Accounts receivable (net) Inventory Accounts payable

Example Exercise 17-3 The following items are reported on a company's balance sheet: SHOW ME HOW Cash Marketable securities Accounts receivable (net) Inventory Accounts payable $160,000 75,000 65,000 140,000 200,000 Determine (a) the current ratio and (b) the quick ratio. Round to one decimal place

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