Ratio Analysis The following amounts were reported in Monte Company’s balance sheet:

a. What is the amount of Monte’s working capital?

b. What is Monte’s quick ratio?

c. What is Monte’s current ratio?

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Cash Marketable securities Accounts receivable (net) Inventory Prepaid insurance Land Buildings and equipment (net) Total Accounts payable Wages payable Taxes payable $ 70,000 50,000 81,000 108,000 22,000 15,000 130,000 $476,000 $ 57,000 12,000 31,000 90,000 286,000 Common stock Retained earnings Total $476,000