Question: Current position analysis The following items are reported on a company's balance sheet: Cash Marketable securities $432,000 337,500 Accounts receivable (net) 228,400 Inventory Accounts

Current position analysis The following items are reported on a company's balance

Current position analysis The following items are reported on a company's balance sheet: Cash Marketable securities $432,000 337,500 Accounts receivable (net) 228,400 Inventory Accounts payable 352,200 587,000 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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