Question: Current position analysis The following items are reported on a company's balance sheet: Cash Marketable securities $341,500 266,800 Accounts receivable (net) 319,700 Inventory 139,200 Accounts

Current position analysis The following items are reported on a company's

Current position analysis The following items are reported on a company's balance sheet: Cash Marketable securities $341,500 266,800 Accounts receivable (net) 319,700 Inventory 139,200 Accounts payable 464,000 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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