Current position analysis The following items are reported on a company's balance sheet

Current position analYSiS The following items are repotted on a company's balarxe sheet: Marketable securities Accounts receivable (net) In ventor, Accounts payable $296,600 185,000 121,000 127,000 228,000 Determine (a) the current and (b) the quick ratio. Round your answers to one decimal place. a. Current ratio b. Quick ratio