You are evaluating the balance sheet for Sofia Lexus corporation. From the balance sheet you find the following balances cash and market securities equals 4 hundredd 60000 accounts receivable equals 1080000 inventory= 1980000 accrued wages and taxes =440000

You are evaluating the balance sheet for SophieLex's Corporation. From the balance sheet you find the following balances: cash and marketable securities = $460,000; accounts receivable = $1,080,000; inventory = $1,980,000; accrued wages and taxes = $440,000; accounts payable = $740,000; and notes payable = $480,000. Calculate SophieLex's current ratio. (Round your answer to 2 decimal places.) Current ratio times Calculate SophieLex's quick ratio. (Round your answer to 2 decimal places.) Quick ratio times