Current position analysis

The following data were taken from the balance sheet of Beatty Company:

 

A. Determine for each yare l
(1) the working capita
(2) the current ratio,
(3) the quick ratio.
Round ratios to one decimal place.
B. What conclusions can be drawn from these data as to the company’s ability to meet its currently maturing debts?

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31-Dec-12 31-Dc-11 S 330,000 S 238,000 S 465,000 S 385,000 Cash Temporary investments Accounts and notes receivable (net) Inventories Prepaid expenses Total current liabilities Accounts and notes payable (short-ter Accrued liabilities Total current liabilities S 420,000 S 291,000 S 312,000 S 141,000 S 1952,000 S 1.350.000 S 400,000 S 190,000 S 140,000 S 610.000 S 540.000 420,000 S