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The following items are reported on a company's balance sheet: Cash $358,800 Marketable securities 280,400 Accounts receivable (net) 322,000 Inventory 160,200 Accounts payable 534,000 Determine

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The following items are reported on a company's balance sheet: Cash $358,800 Marketable securities 280,400 Accounts receivable (net) 322,000 Inventory 160,200 Accounts payable 534,000 Determine (a) the current ratio and (b) the quick ratio. Round to one decimal place. a. Current ratio II b. Quick ratio

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