Question: PE 15-3A Current position analysis The following items are reported on a company's balance sheet: Cash $200,000 Temporary investments 100,000 Accounts receivable (net) 60,000 Inventory

PE 15-3A Current position analysis The following items are reported on a company's balance sheet: Cash $200,000 Temporary investments 100,000 Accounts receivable (net)

PE 15-3A Current position analysis The following items are reported on a company's balance sheet: Cash $200,000 Temporary investments 100,000 Accounts receivable (net) 60,000 Inventory 100,000 Accounts payable 200,000 Determine (a) the current ratio and (b) the quick ratio. Round to one decimal place. PE 15-3B Current position analysis The following items are reported on a company's balance sheet: Cash $250,000 Temporary investments 180,000 Accounts receivable (net) 220,000 Inventory 200,000 Accounts payable 500,000 Determine (a) the current ratio and (b) the quick ratio. Round to one decimal place

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