Answer a & b

Dec 31, 2019 Dec. 31, 2018 Cash $422,500 $319,200 Temporary investments 450,800 349,700 Accounts and notes receivable (net) 414,700 381,100 Inventories 579,600 472,500 Prepaid expenses 260,400 177,500 Total current assets $2,128,000 $1,700,000 Accounts payable $324,800 $350,000 Accrued liabilities 235,200 150,000 Total current liabilities $560,000 $500,000 a. Determine for each year (1) the working capital, (2) the current ratio, and (3) the quick ratio. Round ratios to one decimal place. 2019 2018 Working capital Current ratio Quick ratio b. The liquidity of Icon Living, Inc., has from 2048 to the 2049. The working capital, current ratio, and quick ratio have all . Most of these changes are the result of Previous