Question: Current Position Analysis: The following items are reported on a company's balance sheet: Determine (a) the current ratio and (b) the quick ratio. Round to

Current Position Analysis: The following items are reported on a company's balance sheet: Determine (a) the current ratio and (b) the quick ratio. Round to one decimal place. a. Current ratio b. Quick ratio Inventory Analysis A company reports the following: Determine (a) the inventory turnover and (b) the number of days' sales in inventory. Round interim calculations to the nearest dollar and final answers to one decimal place. Assume 365 days a year

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