Use the information below to calculate the working capital, current ratio, and quick ratio for 2015 and 2016. Has the corporations position to pay current liabilities improved or gotten worse? Round ratios to two decimal places.

2016

Cash and cash equivalents $ 24,500

Accounts receivable 129,800

Inventories 215,350

Total current assets $369,650

Current liabilities 346,100

2015

Cash and cash equivalents $ 22,650

Accounts receivable 135,000

Inventories 209,000

Total current assets $366,650

Current liabilities 345,200