Question: Given the following information, compute the current and quick ratios. Cash: $100,000 Accounts Receivables: $375,000 Inventory: $458,000 Current Liabilities: $498,000 Equity: $598,000

  1. Given the following information, compute the current and quick ratios.

Cash: $100,000

Accounts Receivables: $375,000

Inventory: $458,000

Current Liabilities: $498,000

Equity: $598,000

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