Question: Given the following information, compute the current and quick ratios: Cash Accounts receivable Inventory Current liabilities Long-term debt Equity $ 120,000 391,000 438,000 523,000 637,000

Given the following information, compute the current and quick ratios: Cash Accounts receivable Inventory Current liabilities Long-term debt Equity $ 120,000 391,000 438,000 523,000 637,000 613,000 Round your answers to two decimal places. Current ratio: 21 Quick ratio: :1

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