Question: Current Position Analysis The following items are reported on a company's balance sheet: Cash $657,400 Marketable securities 513,600 Accounts receivable (net) 626,600 Inventory 256,800 Accounts

Current Position Analysis The following items are reported on a company's balance sheet: Cash $657,400 Marketable securities 513,600 Accounts receivable (net) 626,600 Inventory 256,800 Accounts payable 642,000 Determine (a) the current ratio and (b) the quick ratio. Round to one decimal place

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