=+P9-3 Effect oftransactions on current position analysis Obj 2 SPREADSHEET 7 1.

c. Quick ratio, 1.4 Data pertaining to the current position of Tsali Industries, Inc., are as follows:

Cash $195,000 Marketable securities 92,500 Accounts and notes receivable (net) 293,000 Inventories 357,500 Prepaid expenses 15,000 Accounts payable 295,000 Notes payable (short-term) 92,000 Accrued expenses 42,500 Instructions 1. Compute

(a) the working capital,

(b) the current ratio, and

(c) the quick ratio. Round to one decimal place.