Question: Current Position Analysis The following items are reported on a company's balance sheet: Cash $373,800 Marketable securities 292,000 Accounts receivable (net) 210,200 Inventory 292,000

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 $373,800 Marketable securities 292,000 Accounts receivable (net) 210,200 Inventory 292,000 584,000 Accounts payable Determine (a) the current ratio and (b) the quick ratio. Round to one decimal place. a. Current 2.38 X ratio b. Quick ratio 0.810 X

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