Reference no: EM132796581

Current assets:

Cash$355,300 $268,800

Marketable securities411,400 302,400

Accounts and notes receivable (net)168,300 100,800

Inventories1,052,700 732,000

Prepaid expenses542,300 468,000

Total current assets$2,530,000 $1,872,000

Current liabilities:

Accounts and notes payable short-term) $319,000 $336,000

Accrued liabilities 231,000 144,000

Total current liabilities $550,000 $480,000

Problem a. Determine for each year (1) the working capital, (2) the current ratio, and (3) the quick ratio. Round ratios to one decimal place.