Question: Problem 9-08 Given the following information, compute the current and quick ratios: Cash $ Accounts receivable Inventory 100,000 327,000 486,000 451,000 650,000 Current liabilities Long-term

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 $ Accounts receivable Inventory 100,000 327,000 486,000 451,000 650,000 Current liabilities Long-term debt Equity 552,000 Round your answers to two decimal places. Current ratio: Quick ratio

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