Question: Current Position Analysis The following items are reported on a company's balance sheet: Cash $367,700 Marketable securities Accounts receivable (net) 287,300 340,800 Inventory 153,200 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 $367,700 Marketable securities Accounts receivable (net) 287,300 340,800 Inventory 153,200 Accounts payable 383,000 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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