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Current Position Analysis The following items are reported on a company's balance sheet: Cash $371,200 Marketable securities 290,000 Accounts receivable (net) 208,800 Inventory 290,000 Accounts

Current Position Analysis The following items are reported on a company's balance sheet: Cash $371,200 Marketable securities 290,000 Accounts receivable (net) 208,800 Inventory 290,000 Accounts payable 580,000 Determine (a) the current ratio and (b) the quick ratio. Round to one decimal place. a. Current fill in the blank 1 ratio fill in the blank 2 b. Quick ratio Feedback

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