Calculate the current ratio and the quick ratio for the following partial financial statement for Tootsie Roll.

Note: Round your answers to the nearest hundredth.

$\backslash$table$[[$Current assets:,,Current liahilitior. Liabilitie,$],[\backslash$table$[[$Cash and cash equivalents $($Note $1)],[$Investments $($Note $1)]],$$$4,134,190,\backslash$table$[[$current liabilities:$],[$Notes payable to banks$]],],[\backslash$table$[[$Investments $($Note $1)],[$Accounts receivable, less allowances of $$739,000$