The following information has been extracted from the financial statements of Blue Hills Ltd.

	2018			2017
Cash at bank Marketable securities Accounts receivable Inventory Prepaid expenses Plant and equipment Accounts payable Bills payable Accrued expenses	$	155000 350000 410000 940000 31000 1650000 879000 53 000 6000		$	180000 320000 385000 960000 78000 1700000 823500 49500 3500

Required

A. Calculate the following for 2017 and 2018:

1. Current ratio

2. Quick ratio.

B. Comment on the liquidity and trend in liquidity, given that the industry average for these ratios are: current 2.3:1 and quick 1.3:1.