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Current position analysis

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

Line Item Description Amount

Cash $$298,400$

Marketable securities $233,100$

Accounts receivable $($net$)251,800$

Inventory $149,200$

Accounts payable $373,000$

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

Line Item Description Ratio

a$.$ Current ratio fill in the blank $1$

b$.$ Quick ratio fill in the blank $2$