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The following items are reported on a company's balance sheet: Cash $292,600 Marketable securities 93,000 Accounts receivable 251,700 Inventory 178,500 Accounts payable 318,800 Determine the

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

Cash	$292,600
Marketable securities	93,000
Accounts receivable	251,700
Inventory	178,500
Accounts payable	318,800

Determine the (a) current ratio, and (b) quick ratio. Round your answers to one decimal place.

a. Current ratio
b. Quick ratio

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