eBook | Show Me How Print Item Asset turnover A company reports the following: Sales $521,950 Average total assets (excluding long-term investments) 401,500 Determine the asset turnover ratio. If required, round your answer to one decimal place. Check My Work Previous Next Email Instructor Save and Exit Submit Assignment for Grading eBook Show Me How Print Item Current Position Analysis The following items are reported on a company's balance sheet: Cash $205,100 Marketable securities 160,200 Accounts receivable (net) 124,800 Inventory 150,800 Accounts payable 377,000 Determine (a) the current ratio and (b) the quick ratio. Round to one decimal place. a. Current ratio b. Quick ratio Check My Work Previous Next Email Instructor Save and Exit Submit Assignment for Grading