Question: Current position analysis The following items are reported on a company's balance sheet: Cash $445,500 Marketable securities 348,100 Accounts receivable (net) 200,900 Inventory 397,800 Accounts

Current position analysis The following items are reported on a company's balance sheet: Cash $445,500 Marketable securities 348,100 Accounts receivable (net) 200,900 Inventory 397,800 Accounts payable 663,000 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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