Question: Current Position Analysis The following items are reported on a company's balance sheet: Cash $651,800 Marketable securities 509,300 Accounts receivable (net) 604,300 Inventory 271,600 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 $651,800 Marketable securities 509,300 Accounts receivable (net) 604,300 Inventory 271,600 Accounts payable 679,000 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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