Question: Current Position Analysis The following items are reported on a company's balance sheet: Cash $185,800 145,100 56,100 Marketable securities Accounts receivable (net) Inventory Accounts payable

Current Position Analysis The following items are reported on a company's balance sheet: Cash $185,800 145,100 56,100 Marketable securities Accounts receivable (net) Inventory Accounts payable 193,500 387,000 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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