Ex 17-6 Current Position Analysis The following data were taken from the balance sheet of Gostkowski Company at the end of two recent fiscal years: Current Year Previous Year Cash $ 480,000 $ 392,000 Marketable securities 576,000 411,600 Accounts and notes receivable (net) 384,000 316,400 Inventories 408,000 333,200 Prepaid expenses 552,000 506,800 Total current assets $2,400,000 $1,960,000 Accounts and notes payable (short term) $ 600,000 $ 525,000 Accrued liabilities 200,000 175,000 Total current liabilities $ 800,000 $ 700,000 a. Determine for each year 1the working capital, (2) the current ratio, and (3) the quick ratio. Round ratios to one decimal place. b. What conclusion can be drawn from these data as to the companys ability to meet its currently maturing debits?