Current Position Analysis

The following items are reported on a company's balance sheet:

Cash $601,900

Marketable securities 470,300

Accounts receivable (net) 523,800

Inventory 285,000

Accounts payable 570,000

Determine (a) the current ratio and (b) the quick ratio. Round to one decimal place. a. Current ratio b. Quick ratio

Current Position Analysis The following items are reported on a company's balance sheet: Cash $601,900 Marketable securities 470,300 Accounts receivable (net) 523,800 Inventory 285,000 Accounts payable 570,000 Determine (a) the current ratio and (b) the quick ratio. Round to one decimal place. a. Current ratio b. Quick ratio