Question: Problem 9-08 Given the following information, compute the current and quick ratios: Cash $ 100,000 Accounts receivable 323,000 Inventory 439,000 Current liabilities 486,000 Long-term debt

Problem 9-08 Given the following information, compute the current and quick

Problem 9-08 Given the following information, compute the current and quick ratios: Cash $ 100,000 Accounts receivable 323,000 Inventory 439,000 Current liabilities 486,000 Long-term debt 591,000 Equity 641,000 Round your answers to two decimal places. Current ratio: :1 Quick ratio: :1

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