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Current Position Analysis The following items are reported on a company's balance sheet: Cash $449,300 Marketable securities 351,000 Accounts receivable (net) 343,700 Inventory 260,000 Accounts

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Current Position Analysis The following items are reported on a company's balance sheet: Cash $449,300 Marketable securities 351,000 Accounts receivable (net) 343,700 Inventory 260,000 Accounts payable 520,000 Determine (a) the current ratio and (b) the quick ratio. Round to one decimal place. a. Current ratio b. Quick ratio

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