Question: Show Me How Current Position Analysis The following items are reported on a company's balance sheet: Cash $425,000 Marketable securities 332,000 Accounts receivable (net) 239,000

 Show Me How Current Position Analysis The following items are reported

Show Me How Current Position Analysis The following items are reported on a company's balance sheet: Cash $425,000 Marketable securities 332,000 Accounts receivable (net) 239,000 Inventory 332,000 Accounts payable 664,000 Determine (a) the current ratio and (b) the quick ratio. Round to one decimal place. a. Current X ratio b. Quick ratio X

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