Question: Current Position Analysis The following items are reported on a company's balance sheet: Cash $481,600 376,300 Marketable securities Accounts receivable (net) 387,700 Inventory 259,500 Accounts

Current Position Analysis The following items are reported on a company's balance sheet: Cash $481,600 376,300 Marketable securities Accounts receivable (net) 387,700 Inventory 259,500 Accounts payable 519,000 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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