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Current Position Analysis The following items are reported on a company's balance sheet: Cash $346,800...

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Accounting

Current Position Analysis The following items are reported on a company's balance sheet: Cash $346,800 Marketable securities 270,900 Accounts receivable (net) 272,400 Inventory 193,500 Accounts payable 387,000 Determine (a) the current ratio and (b) the quick ratio. Round your answers to one decimal place. a. Current ratio fill in the blank 1 b. Quick ratio fill in the blank 2

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