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

Cash	$468,000
Temporary investments	365,600
Accounts receivable (net)	491,700
Inventory	137,100
Accounts payable	457,000

15.7 Determine (a) the A financial ratio that is computed by dividing current assets by current liabilities.current ratio and (b) the A financial ratio that measures the ability to pay current liabilities with quick assets (cash, marketable securities, accounts receivable).quick ratio. Round to one decimal place.

a. Current ratio
b. Quick ratio