Vertical Analysis Income statement information for Einsworth Corporation follows: Sales $290,000 Cost of goods sold 72,500 Gross profit 217,500 Prepare a vertical analysis of the income statement for Einsworth Corporation. If required, round percentage answers to the nearest whole number. Einsworth Corporation Vertical Analysis of the Income Statement Amount Percentage Sales $290,000 % Cost of goods sold 72,500 Gross profit $217,500 % Current Position Analysis The following items are reported on a company's balance sheet: Cash $233,000 Marketable securities 182,000 Accounts receivable (net) 40,000 Inventory 273,000 Accounts payable 455,000 Determine (a) the current ratio and (b) the quick ratio. Round to one decimal place. a. Current ratio b. Quick ratio