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The following items are reported on a company's balance sheet: Cash $608,600 Marketable securities 475,500 Accounts receivable (net) 500,900 Inventory 317,000 Accounts payable 634,000 Determine

The following items are reported on a company's balance sheet: Cash $608,600 Marketable securities 475,500 Accounts receivable (net) 500,900 Inventory 317,000 Accounts payable 634,000 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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