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Current Position Analysis The following items are reported on a company's balance sheet: Cash Marketable securities Accounts receivable (net) 110,000 Inventory Accounts payable Determine (a)

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Current Position Analysis The following items are reported on a company's balance sheet: Cash Marketable securities Accounts receivable (net) 110,000 Inventory Accounts payable Determine (a) the current ratio and (b) the quick ratio. Round your answers to one decimal place. a. Current ratio b. Quick ratio $210,000 120,000 160,000 200,000

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