Question: Current Position Analysis The following items are reported on a company's balance sheet: Cash $425,000 - Marketable securities 332,000 Accounts receivable (net) 239,000 Inventory 332,000

Current Position Analysis The following items are reported on a company's balance sheet: Cash $425,000 - Marketable securities 332,000 Accounts receivable (net) 239,000 Inventory 332,000 Accounts payable 664,000 Determine (a) the current ratio and (b) the quick ratio. Round to one decimal place. a. Current ratio [:3 b. Quick ratio

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