Question: eBook Show Me How Question Content Area Current Position Analysis The following items are reported on a company's balance sheet: Cash $364,500 Marketable securities 284,800

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Current Position Analysis

The following items are reported on a company's balance sheet:

Cash $364,500
Marketable securities 284,800
Accounts receivable (net) 87,700
Inventory 402,000
Accounts payable 670,000

Determine (a) the current ratio and (b) the quick ratio. Round to one decimal place.

a. Current ratio fill in the blank 1
b. Quick ratio fill in the blank 2

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