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Current Position Analysis The following items are reported on a company's balance sheet: Cash $279,400...

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Current Position Analysis The following items are reported on a company's balance sheet: Cash $279,400 Marketable securities 218,300 Accounts receivable (net) 132,800 Inventory 242,500 Accounts payable 485,000 Determine (a) the current ratio and (b) the quick ratio. Round your answers to one decimal place. a. Current ratio b. Quick ratio

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