Question: Current Position Analysis The following items are reported on a company's balance sheet: Cash $164,400 Marketable securities 128,400 Accounts receivable (net) 60,300 Inventory 160,500

sheet: Cash $164,400 Marketable securities 128,400 Accounts receivable (net) 60,300 Inventory 160,500

Current Position Analysis The following items are reported on a company's balance sheet: Cash $164,400 Marketable securities 128,400 Accounts receivable (net) 60,300 Inventory 160,500 Accounts payable 321,000 Determine (a) the current ratio and (b) the quick ratio. Round to one decimal place. a. Current ratio b. Quick ratio Feedback

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