Question: Current Position Analysis The following items are reported on a company's balance sheet: Cash $363,500 Marketable securities 284,000 Accounts receivable (net) 382,000 Inventory 106,500 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 $363,500 Marketable securities 284,000 Accounts receivable (net) 382,000 Inventory 106,500 Accounts payable 355,000 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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