Question: Current Position Analysis The following items are reported on a company's balance sheet: Cash $498,200 Marketable securities 389,200 502,600 Accounts receivable (net) Inventory Accounts payable

Current Position Analysis The following items are reported on a company's balance sheet: Cash $498,200 Marketable securities 389,200 502,600 Accounts receivable (net) Inventory Accounts payable 166,800 556,000 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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