The Following Items Are Reported on Denver Company's Balance Sheet

The following items are reported on Denver Company's balance sheet:
$\begin{array}{|l|r|}\hline \text { Cash } & \$ 190,000 \\\hline \text { Marketable securities } & 160,000 \\\hline \text { Accounts receivable net } & 240,000 \\\hline \text { Inventory } & 350,000 \\\hline \text { Accounts payable } & 600,000 \\\hline\end{array}$
Determine a the current ratio and b the quick ratio.Round to one decimal place.