Question: Current Position Analysis The following items are reported on a company's balance sheet: Cash $593,200 Marketable securities 463,400 Accounts receivable (net) 466,000 Inventory 331,000 662,000

Current Position Analysis The following items are reported on a company's balance sheet: Cash $593,200 Marketable securities 463,400 Accounts receivable (net) 466,000 Inventory 331,000 662,000 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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