The following data were abstracted from the December 31, 2008 balance sheet of Anderson Company (use

The following data were abstracted from the December 31, 2008 balance sheet of

Anderson Company (use information to answer questions 1 & 2):

Cash $272,000

Marketable securities $128,000

Accounts and notes receivable, net $368,000

Merchandise inventory $488,000

Prepaid expenses $24,000

Accounts and notes payable, short-term $512,000

Accrued liabilities $128,000

Bonds payable, long-term $800,000

The Current Ratio is?

The acid-test Ratio is?

 

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