Question: Current Position Analysis The following items are reported on a company's balance sheet: Cash $602,100 470,400 Marketable securities Accounts receivable (net) 515,100 Inventory 294,000 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 $602,100 470,400 Marketable securities Accounts receivable (net) 515,100 Inventory 294,000 Accounts payable 588,000 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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