Question: Given the following information, compute the current and quick ratios: Cash$100,000 Accounts receivable 377,000 Inventory 453,000 Current liabilities 458,000 Long-term debt 654,000 Equity 616,000 Round

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

Cash$100,000

Accounts receivable 377,000

Inventory 453,000

Current liabilities 458,000

Long-term debt 654,000

Equity 616,000

Round your answers to two decimal places.

Current ratio: :1

Quick ratio:: 1

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