Question: Current Position Analysis The following items are reported on a company's balance sheet: Cash $190,500 Marketable securities 148,800 Accounts receivable (net) 107,100 148,800 Inventory Accounts

Current Position Analysis The following items are reported on a company's balance sheet: Cash $190,500 Marketable securities 148,800 Accounts receivable (net) 107,100 148,800 Inventory Accounts payable 372,000 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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