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Current Position Analysis The following items are reported on a company's balance sheet: Cash $450,400 Marketable securities 351,900 Accounts receivable (net) 360,500 Inventory 244,800 Accounts

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Current Position Analysis The following items are reported on a company's balance sheet: Cash $450,400 Marketable securities 351,900 Accounts receivable (net) 360,500 Inventory 244,800 Accounts payable 612,000 Determine (a) the current ratio and (b) the quick ratio, Round your answers to one decimal place. a. Current ratio b. Quick ratio

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