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Current Position Analysis The following items are reported on a company's balance sheet: Cash $575,400 449,600 Marketable securities Accounts receivable (net) 506,800 Inventory 266,400 Accounts

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Current Position Analysis The following items are reported on a company's balance sheet: Cash $575,400 449,600 Marketable securities Accounts receivable (net) 506,800 Inventory 266,400 Accounts payable 666,000 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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