Question: Current Position Analysis The following items are reported on a company's balance sheet: Cash $347,200 Marketable securities 271,300 Accounts receivable (net) 249,500 Inventory 217,000 Accounts

Current Position Analysis

The following items are reported on a company's balance sheet:

Cash $347,200
Marketable securities 271,300
Accounts receivable (net) 249,500
Inventory 217,000
Accounts payable 434,000

Determine (a) the current ratio and (b) the quick ratio. Round to one decimal place.

a. Current ratio fill in the blank 1
b. Quick ratio fill in the blank 2

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