Question: Current Position Analysis The following items are reported on a company's balance sheet: Cash $335,200 Marketable securities 261,900 217,700 Accounts receivable (net) 232,800 Inventory Accounts

Current Position Analysis The following items are reported on a company's

Current Position Analysis The following items are reported on a company's balance sheet: Cash $335,200 Marketable securities 261,900 217,700 Accounts receivable (net) 232,800 Inventory Accounts payable 582,000 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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