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The following items are reported on a company's balance sheet: Cash $216,500 Marketable securities 89,200 Accounts receivable 256,500 Inventory 220,700 Accounts payable 300,700 Determine the
The following items are reported on a company's balance sheet:
| Cash | $216,500 |
| Marketable securities | 89,200 |
| Accounts receivable | 256,500 |
| Inventory | 220,700 |
| Accounts payable | 300,700 |
Determine the (a) current ratio, and (b) quick ratio. Round your answers to one decimal place.
| a. Current ratio | fill in the blank 1 |
| b. Quick ratio |
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