Question: Current position analysis The following items are reported on a company's balance sheet: Cash $576,000 Marketable securities 450,000 Accounts receivable (net) 594,000 Inventory 180,000

Current position analysis The following items are reported on a company's balance sheet: Cash $576,000 Marketable securities 450,000 Accounts receivable (net) 594,000 Inventory 180,000 Accounts payable 600,000 Determine (a) the current ratio and (b) the quick ratio. Round your answers to one decimal place. a. Current ratio b. Quick ratio

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