Selected financial information is available at July 31 for Drew Co.
________________________________2014 2013
Cash and accounts receivable...........$22,680...............$20,430
Current assets..............................35,100..................33,510
Current liabilities...........................24,460..................24,800
(a) Calculate
(1) Working capital,
(2) The current ratio, and
(3) The acid-test ratio for 2013 and 2014.
(b) Indicate whether there was an improvement or deterioration in liquidity for Drew in 2014.