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The following items are reported on a company's balance sheet: Cash $210,000 Marketable securities 120,000 Accounts receivable (net) 110,000 Inventory 160,000 Accounts payable 200,000 Determine

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

Cash	$210,000
Marketable securities	120,000
Accounts receivable (net)	110,000
Inventory	160,000
Accounts payable	200,000

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

a. Current ratio

b. Quick ratio

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