Current Position Analysis The following items are reported on a company's balance sheet: Cash $258,900 Marketable securities 202,300 Accounts receivable (net) 205,200 Inventory 142,800 Accounts payable 476,000 Determine (a) the current ratio and (b) the quick ratio. Round to one decimal place. a. Current ratio b. Quick ratio Feedback Check My Work a. Divide current assets by current liabilities. b. Divide quick assets by current liabilities. Quick assets are cash, temporary investments, and receivables. Learning Objective 3