Current Position Analysis The following items are reported on a company's balance sheet

Current Position Analysis The following items are reported on a company's balance sheet: Cash Marketable securities Accounts receivable (net) Inventory Accounts payable $322,600 252,000 289,400 1 A4,000 360,000 Determine (a) the current ratio and (b) the quick ratio. Round your answers to one decimal place. a. Current ratio b. Quick ratio