Question: Current Position Analysis The following items are reported on a company's balance sheet: Cash $249,300 Marketable securities 194,800 Accounts receivable (net) 129,900 Inventory 205,000

Current Position Analysis The following items are reported on a company's balance sheet: Cash $249,300 Marketable securities 194,800 Accounts receivable (net) 129,900 Inventory 205,000 Accounts payable 410,000 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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