Question: Current position analysis The following items are reported on a company's balance sheet: Cash $236,700 Marketable securities 185,000 Accounts receivable (net) 194,800 Inventory 123,300

Current position analysis The following items are reported on a company's balance sheet: Cash $236,700 Marketable securities 185,000 Accounts receivable (net) 194,800 Inventory 123,300 Accounts payable 411,000 Determine (a) the current ratio and (b) the quick ratio. Round your answers to one decimal place. a. Current ratio b. Quick ratio

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