Question: Given the following information, compute the current and quick ratios: Cash $ 120,000 Accounts receiva ble 365,000 Inventory 472,000 Current liabilities 502,000 Long-term debt 679,000

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

Given the following information, compute the current and quick ratios: Cash $ 120,000 Accounts receiva ble 365,000 Inventory 472,000 Current liabilities 502,000 Long-term debt 679,000 Equity 572,000 Round your answers to two decimal places. Current ratio: :1 Quick ratio: :1

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