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You are evaluating the balance sheet for SophieLex’s Corporation. From the balance sheet you find the...

You are evaluating the balance sheet for SophieLex’s Corporation. From the balance sheet you find the following balances: cash and marketable securities = $380,000; accounts receivable = $1,240,000; inventory = $2,140,000; accrued wages and taxes = $520,000; accounts payable = $820,000; and notes payable = $640,000. Calculate SophieLex’s current ratio. (Round your answer to 2 decimal places.) Calculate SophieLex’s quick ratio. (Round your answer to 2 decimal places.) Calculate SophieLex’s cash ratio. (Round your answer to 2 decimal places.)

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