The following items are reported on Denver Company's balance sheet: Cash $190,000 Marketable securities 160,000 Accounts receivable (net) 240,000 Inventory 350,000 Accounts payable 600,000   Required: Determine (1) the current ratio and (2) the quick ratio. Round your answers to one decimal place. 1.  Current ratio   2.  Quick ratio

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Q: compute the current and quick ratios

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