Question: Current Position Analysis The following items are reported on a company's balance sheet: Cash $400,700 Marketable securities 313,000 Accounts receivable (net) 143,000 Inventory 395,400

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 $400,700 Marketable securities 313,000 Accounts receivable (net) 143,000 Inventory 395,400 659,000 Accounts payable Determine (a) the current ratio and (b) the quick ratio. Round your answers to one decimal place. a. Current ration b. Quick ratio

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