Current Position Analysis The following items are reported on a company’s balance sheet: Cash $2

 
   

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Current Position Analysis The following items are reported on a company's balance sheet: Cash $246,200 Marketable securities 192,400 Accounts receivable (net) 128,400 Inventory 202,500 Accounts payable 405,000 Determine (a) the current ratio and (b) the quick ratio. Round to one decimal place. a. Current ratio b. Quick ratio