Current Position Analysis The following items are reported on a company's balance sheet: Cash Marketable securities Accounts receivable (net) Inventory Accounts payable Determine (a) the current a. Current ratio b. Quick ratio $283,400 221,400 233,200 147,600 369,000 ratio and (b) the quick ratio. Round to one decimal place. Accounts Receivable Analysis A company reports the following Sales Average accounts receivable (net) Determine (a) the accounts receivable turnover and (b) the number of days' sales in receivables. Round interim calculations to the nearest dollar and final answers to one decimal place. Assume a 365-day year a. Accounts receivable turnover b. Number of days' sales in receivables $1,595,050 69,350 days