Question: Current Position Analysis The following items are reported on a company's balance sheet: Cash $283,300 Marketable securities 221,400 Accounts receivable (net) 101,100 Inventory 279,600 Accounts

Current Position Analysis

The following items are reported on a company's balance sheet:

Cash $283,300
Marketable securities 221,400
Accounts receivable (net) 101,100
Inventory 279,600
Accounts payable 466,000

Determine (a) the current ratio and (b) the quick ratio. Round your answers to one decimal place.

a. Current ratio fill in the blank 1
b. Quick ratio fill in the blank 2

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