Question: Current Position Analysis The following items are reported on a company's balance sheet: Cash $255,200 Marketable securities 199,400 Accounts receivable (net) 215,300 Inventory 127,600 Accounts

Current Position Analysis The following items are reported on a company's balance sheet: Cash $255,200 Marketable securities 199,400 Accounts receivable (net) 215,300 Inventory 127,600 Accounts payable 319,000 Determine (a) the current ratio and (b) the quick ratio. Round to one decimal place. a. Current ratio fill in the blank 1 b. Quick ratio

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