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double check Current Position Analysis The following items are reported on a company's balance sheet: Cash $491,700 Marketable securities 384,100 Accounts receivable (net) 397,300 263,400

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Current Position Analysis The following items are reported on a company's balance sheet: Cash $491,700 Marketable securities 384,100 Accounts receivable (net) 397,300 263,400 Inventory Accounts payable 439,000 Determine (a) the current ratio and (b) the quick ratio. Round to one decimal place. a. Current ratio 3.5 b. Quick ratio 2.9

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