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

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Current Position Analysis The following items are reported on a company's balance sheet: Cash Marketable securities Accounts receivable (net) Inventory Accounts payable Determine (a) the current ratio and (b) the quick ratio. Round to one decimal place. $292,700 228,700 70,400 322,800 538,000 a. Current ratio b. Quick ratio

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