Question: Current Position Analysis The following items are reported on a company's balance sheet: Cash Marketable securities Accounts receivable (net) 222,100 Inventory Accounts payable Determine (a)

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 Marketable securities Accounts receivable (net) 222,100 Inventory Accounts payable Determine (a) the current ratio and (b) the quick ratio. Round to one decimal place. a. Current ratio b. Quick ratio $394,900 308,500 308,500 617,000

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