Current Position Analysis The following items are reported on a company's balance sheet: $531,500 Marketable securities 415,200 Accounts receivable (net) 402,700 Inventory 311,400 Accounts payable 519,000 Determine (a) the current ratio and (b) the quick ratio. Round to one decimal place. Cash a. Current ratio b. Quick ratio X

Current Position Analysis The following items are reported on a company's balance sheet: Determine (a) the current ratio and (b) the quick ratio. Round to one decimal place