ch 17-3 q4

Current Position Analysis The following data were taken from the balance sheet of Bock Suppliers Company: Cash Temporary investments Accounts and notes receivable (net) Inventories Prepaid expenses Dec. 31, 2014 $562,400 651,200 266,400 1,465,200 754,800 Dec. 31, 2013 $435,200 489,600 163,200 1,093,100 698,900 Total current assets $3,700,000 $2,880,000 Accounts and notes payable (short-term) $429,200 310,800 $740,000 $448,000 192,000 $640,000 Accrued liabilities Total current liabilities a. Determine for each year (1) the working capital, (2) the current ratio, and (3) the quick ratio. Round ratios to one decimal place 2014 2013 1. Working capital 2. Current ratio 3. Quick ratio