Question: BE 14-3 Current position analysis Obj. 3The following items are reported on a companys balance sheet:Cash $210,000Marketable securities 120,000Accounts receivable (net) 110,000Inventory 160,000Accounts payable 200,000Determine

BE 14-3 Current position analysis Obj. 3The following items are reported on a companys balance sheet:Cash $210,000Marketable securities 120,000Accounts receivable (net) 110,000Inventory 160,000Accounts payable 200,000Determine (A) the current ratio and (B) the quick ratio. (Round to one decimal place.)

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