The following data were taken from the balance sheet of Bock SuppliersCompany:

a. Determine for each year (1) the working capital, (2) the current ratio, and (3) the quick ratio. Round ratios to one decimal place.b. What conclusions can be drawn from these data as to the company??s ability to meet its currently maturingdebts?

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Dec. 31, 2010 S 295,000 Dec. 31, 2009 $ 210,000 Cash Temporary investments Accounts and notes receivable (net) 315,000 230,000 290,000 250,000 Inventories 405,000 309,000 Prepaid expenses 105,000 195,000 $1,500,000 S 290,000 210,000 S 500,000 Total current assets $1,104,000 $ 320,000 Accounts and notes payable (short-term) Accrued liabilities 140,000 $ 460,000 Total current liabilities