eBook Calculator Current Position Analysis The bond indenture for the 10-year, 9% debenture bonds issued January 2, 20Y5, required working capital of $100,000, a current ratio of 1.5, and a quick ratio of 1.0 at the end of each calendar year until the bonds mature. At December 31, 20Y6, the three measures were computed as follows: 1. Current assets: Cash $102,000 Temporary investments 48,000 Accounts and notes receivable (net) 120,000 Inventories 36,000 24,000 Prepaid expenses 124,800 Intangible assets 55,200 Property, plant, and equipment $510,000 Total current assets (net) Current liabilities: $96,000 Accounts and short-term notes payable 204,000 Accrued liabilities 300,000 Total current liabilities $210,000 Working capital $300,000 1.7 $510,000 2. Current ratio $96,000 1.2 $115,200+ 3. Quick ratio rors in the determination of the three measures of current position analysis. Then provide the correct amounts below. If required, round the ratios to one decimal place