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The following items are reported on a company's balance sheet: Cash $ 2 1 7 , 7 0 0 Marketable securities 1 7 0 ,

The following items are reported on a company's balance sheet:
Cash $217,700
Marketable securities 170,100
Accounts receivable (net)130,600
Inventory 162,000
Accounts payable 324,000
Determine (a) the current ratio and (b) the quick ratio. Round to one decimal place.
a. Current ratio fill in the blank 1
b. Quick ratio fill in the blank 2

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