Question: Current Position Analysis The following items are reported on a company's balance sheet: $492,800 Marketable securities 385,000 Accounts receivable (net) 497,200 Inventory 165,000 Accounts payable

Current Position Analysis The following items are reported on a company's balance sheet: $492,800 Marketable securities 385,000 Accounts receivable (net) 497,200 Inventory 165,000 Accounts payable 550,000 Determine (a) the current ratio and (b) the quick ratio. Round your answers to one decimal place. 2.8 Cash a. Current ratio b. Quick ratio 1.0 X

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