Question: Current Position Analysis The following items are reported on a company's balance sheet: Cash $239,200 Marketable securities 186,900 Accounts receivable (net) 223,900 Inventory 97,500 Accounts

Current Position Analysis The following items are reported on a company's balance sheet: Cash $239,200 Marketable securities 186,900 Accounts receivable (net) 223,900 Inventory 97,500 Accounts payable 325,000 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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