Current Position Analysis The following items are reported on a company's balance sheet: Cash Marketable securities Accounts receivable (net) Inventory Accounts payable $236,300 184,600 156,900 160,500 321,000 Determine (a) the current ratio and (b) the quick ratio. Round to one decimal place. a. Current ratio b. Quick ratio 1.23 X 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. Learning Objective 3.