Question: Current Position Analysis The following items are reported on a company's balance sheet: Cash $170,800 Temporary investments 133,500 Accounts receivable (net) 72,500 Inventory 157,000 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 $170,800 Temporary investments 133,500 Accounts receivable (net) 72,500 Inventory 157,000 Accounts payable 314,000 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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