Question: Problem 9-08 Siven the following information, compute the current and quick ratios: Cash Round your answers to two decimal places. Current ratio: Quick ratio:

Problem 9-08 Siven the following information, compute the current and quick ratios:

Problem 9-08 Siven the following information, compute the current and quick ratios: Cash Round your answers to two decimal places. Current ratio: Quick ratio: :1 $ 120,000 Accounts receivable 380,000 Inventory 481,000 Current liabilities 549,000 Long-term debt 597,000 Equity 617,000

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