Question: Current Position Analysis The following items are reported on a company's balance sheet: Cash $626,200 Marketable securities 489,200 Accounts receivable (net) 604,300 Inventory 237,200 Accounts

Current Position Analysis

The following items are reported on a company's balance sheet:

Cash $626,200
Marketable securities 489,200
Accounts receivable (net) 604,300
Inventory 237,200
Accounts payable 593,000

Determine (a) the current ratio and (b) the quick ratio. Round to one decimal place.

a. Current ratio fill in the blank 1
b. Quick ratio fill in the blank 2

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