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

| January 30, 2017

Question
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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