Question: > Current Position Analysis The following items are reported on a company's balance sheet: Cash $417,800 Marketable securities 326,400 Accounts receivable (net) 357,400 Inventory 204,000

> Current Position Analysis The following items are reported on a company's balance sheet: Cash $417,800 Marketable securities 326,400 Accounts receivable (net) 357,400 Inventory 204,000 408,000 Accounts payable Determine (a) the current ratio and (b) the quick ratio. Round your answers to one decimal place. a. Current ratio b. Quick ratio

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