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Question 15 Current Position Analysis The following items are reported on _a company's balance sheet: Cash $390,400 Marketable securities ' 305,000 Accounts receivable (net) 292,300

Question 15

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Current Position Analysis The following items are reported on _a company's balance sheet: Cash $390,400 Marketable securities ' 305,000 Accounts receivable (net) 292,300 Inventory 232,400 : , Accounts payable 581,000 Determine (a) the current ratio and (b) the quick ratio. Round your answers to one decimal place. Ca. Current ratio [:1 b. Quick ratio

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