Question: Current Position Analysis The following items are reported on a company's balance sheet: Cash Marketable securities $349,600 273,100 Accounts receivable (net) 232,300 Inventory Accounts

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 Marketable securities $349,600 273,100 Accounts receivable (net) 232,300 Inventory Accounts payable 237,500 475,000 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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