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Current Position Analysis The following items are reported on a company's balance sheet: Cash $286,700 Marketable securities 224,000 Accounts receivable (net) 250,900 Inventory 134,400 Accounts

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Current Position Analysis The following items are reported on a company's balance sheet: Cash $286,700 Marketable securities 224,000 Accounts receivable (net) 250,900 Inventory 134,400 Accounts payable 448,000 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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