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Current Position Analysis The following items are reported on a company's balance sheet: Cash $551,900 Marketable securities 431,200 Accounts receivable (net) 472,200 Inventory 269,500
Current Position Analysis The following items are reported on a company's balance sheet: Cash $551,900 Marketable securities 431,200 Accounts receivable (net) 472,200 Inventory 269,500 Accounts payable 539,000 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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