Question: Current Position Analysis The following items are reported on a company's balance sheet: Cash $361,900 Marketable securities 282,800 Accounts receivable (net) 312,300 Inventory 174,000 435,000

Current Position Analysis The following items are reported on a company's balance sheet: Cash $361,900 Marketable securities 282,800 Accounts receivable (net) 312,300 Inventory 174,000 435,000 Accounts payable Determine (a) the current ratio and (b) the quick ratio. Round to one decimal place. a. Current 3.6 X ratio b. Quick ratio x

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