Question: Current Position Analysis The following items are reported on a company's balance sheet: Cash $602,900 Marketable securities 471,000 Accounts receivable (net) 558,900 Inventory 251,200 Accounts

Current Position Analysis The following items are reported on a company's

Current Position Analysis The following items are reported on a company's balance sheet: Cash $602,900 Marketable securities 471,000 Accounts receivable (net) 558,900 Inventory 251,200 Accounts payable 628,000 Determine (a) the current ratio and (b) the quick ratio. Round to one decimal place. a. Current ratio b. Quick ratio Feedback Check My Work a. Divide current assets by current liabilities. b. Divide quick assets by current liabilities. Quick assets are cash, temporary investments, and receivables

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