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Current Position Analysis The following items are reported on a company's balance sheet: Cash $537,700 420,100 397,200 Marketable securities Accounts receivable (net) Inventory Accounts payable

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Current Position Analysis The following items are reported on a company's balance sheet: Cash $537,700 420,100 397,200 Marketable securities Accounts receivable (net) Inventory Accounts payable 325,200 542,000 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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