Question: Current Position Analysis The following items are reported on a company's balance sheet: Cash $450,900 Marketable securities 352,300 Accounts receivable (net) 389,200 Inventory 216,800

Current Position Analysis The following items are reported on a company's balance sheet: Cash $450,900 Marketable securities 352,300 Accounts receivable (net) 389,200 Inventory 216,800 542,000 Accounts payable 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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