14.12A Turnbull Taffy Limited's figures to 31 March 20X4 show the following working capital items:

£

Stock 67 400 Debtors 42 660 Cash at bank 6 050 Trade creditors 58 760 The company's finance director is preparing a projected balance sheet for 31 March 20X5 as part of a package of information to be presented to a bank from which the company hopes to obtain a long-term loan. The finance director estimates that there will be the following changes to working capital between 31 March 20X4 and 31 March 20X5:

Stock will decrease by 10%

Debtors will decrease by 15%

Cash at bank will increase by 50%

Trade creditors will decrease by 5%.

Calculate (to two decimal places):

i) The current ratio and the quick ratio at 31 March 20X4.

ii) The expected current ratio and quick ratio at 31 March 20X5 based on the finance director's estimates.