Question: Current Position Analysis The following items are reported on a company's balance sheet: Cash $467,700 Marketable securities 365,400 Accounts receivable (net) 376,500 Inventory 252,000 Accounts

Current Position Analysis The following items are reported on a company's balance sheet: Cash $467,700 Marketable securities 365,400 Accounts receivable (net) 376,500 Inventory 252,000 Accounts payable 504,000 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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