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#9, quiz 7 Current Position Analysis The following items are reported on a company's balance sheet: Cash $187,800 Marketable securities 146,700 Accounts receivable (net) 121,900

#9, quiz 7

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Current Position Analysis The following items are reported on a company's balance sheet: Cash $187,800 Marketable securities 146,700 Accounts receivable (net) 121,900 Inventory 130,400 Accounts payable 326,000 Determine (a) the current ratio and (b) the quick ratio. Round to one decimal place. a. Current 22.3 X ratio b. Quick ratio 18.89 X Feedback Check My Work

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