Question: 6. Module 7 Problem Set Current Position Analysis The following items are reported on a company's balance sheet: Cash $369,100 Marketable securities 288,300 Accounts receivable

6. Module 7 Problem Set Current Position Analysis The following items are

Module 7 Problem Set Current Position Analysis The following items are reported on a company's balance sheet: Cash $369,100 Marketable securities 288,300 Accounts receivable (net) 192,400 Inventory 303,500 Accounts payable 607,000 Determine (a) the current ratio and (b) the quick ratio. Round to one decimal place. a. Current ratio b. Quick ratio

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