Options for B: 1-declined, improved. 2- decreased, increased, stayed the same. 3- an increase in current assets, an increase in current liabilities.

The following data were taken from the comparative balance sheet of Osborn Sisters Company for the years ended December 31, 20Y9 and December 31, 2OY8: Dec. 31, 20Y9 $199,400 212,800 195,800 273,600 220,400 Dec. 31, 20Y8 $144,700 158,500 172,800 214,200 57,800 $748,000 $238,000 102,000 $340,000 Cash Temporary investments Accounts and notes receivable (net) Inventories Prepaid expenses Total current assets $1,102,000 $220,400 159,600 $380,000 Accounts payable 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 20Y9 20Y8 Working capital Current ratio Quick ratico b. The liquidity of Osborn Sisters Company has ratio have all from 20Y8 to the 20Y9. The working capital, current ratio, and quick Most of these changes are the result of