Current Position Analysis

The following data were taken from the balance sheet of Albertini Company at the end of two recent fiscal years:

				Current Year			Previous Year
Current assets:
Cash				$445,700			$360,000
Marketable securities				516,100			405,000
Accounts and notes receivable (net)				211,200			135,000
Inventories				1,093,000			732,000
Prepaid expenses				563,000			468,000
	Total current assets			$2,829,000			$2,100,000
Current liabilities:
Accounts and notes payable
	(short-term)			$400,200			$420,000
Accrued liabilities				289,800			180,000
	Total current liabilities			$690,000			$600,000

a. Determine for each year (1) the working capital, (2) the current ratio, and (3) the quick ratio. Round ratios to one decimal place.

			Current Year
1. Working capital
2. Current ratio
3. Quick ratio