Question: Given the following information, compute the current and quick ratios: Cash $ 80,000 Accounts receivable 328,000 Inventory 500,000 Current liabilities 513,000 Long-term debt 581,000 Equity

Given the following information, compute the current and quick ratios:

Cash $ 80,000
Accounts receivable 328,000
Inventory 500,000
Current liabilities 513,000
Long-term debt 581,000
Equity 601,000

Round your answers to two decimal places.

Current ratio: :1

Quick ratio: :1

Given the following information, compute the current and quick ratios: Cash $

Problem 9-08 Given the following information, compute the current and quick ratios: Cash $ 80,000 Accounts receivable 328,000 Inventory 500,000 Current liabilities 513,000 Long-term debt 581,000 Equity 601,000 Round your answers to two decimal places. Current ratio: :1 Quick ratio: :1

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