Question: Given the following information, compute the current and quick ratios: Cash $ 80,000 Accounts receivable 327,000 Inventory 495,000 Current liabilities 502,000 Long-term debt 589,000 Equity

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

Cash $ 80,000 Accounts receivable 327,000 Inventory 495,000 Current liabilities 502,000 Long-term debt 589,000 Equity 599,000 Round your answers to two decimal places.

Current ratio: :1

Quick ratio: :1

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