Question: Current Position Analysis The following items are reported on a company's balance sheet: Cash $272,200 Marketable securities 212,600 Accounts receivable (net) 244,200 Inventory 121,500 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 $272,200 Marketable securities 212,600 Accounts receivable (net) 244,200 Inventory 121,500 Accounts payable 405,000 Determine (a) the current ratio and (b) the quick ratio. Round your answers to one decimal place. a. Current ratio b. Quick ratio

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