Question: Current Position Analysis The following items are reported on a company's balance sheet: Cash $418,500 Marketable securities 327,000 Accounts receivable (net) 382,000 Inventory 180,400

Current Position Analysis The following items are reported on a company's balance sheet: Cash $418,500 Marketable securities 327,000 Accounts receivable (net) 382,000 Inventory 180,400 451,000 Accounts payable 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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