Question: Current Position Analysis The following items are reported on a company's balance sheet: Cash Marketable securities $277,000 216,400 Accounts receivable (net) 199,000 Inventory Accounts

Current Position Analysis The following items are reported on a company's balance sheet: Cash Marketable securities $277,000 216,400 Accounts receivable (net) 199,000 Inventory Accounts payable 173,100 577,000 Determine (a) the current ratio and (b) the quick ratio. Round to one decimal place. a. Current ratio b. Quick ratio

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