3 5 Cash Temporary investments Accounts and notes receivable (net) Merchandise inventory Prepaid expenses Intangible assets Property, plant, and equipment Total current assets (net) Current liabilities: Accounts and short-term notes payable Accrued liabilities Total current liabilities Working capital Current ratio $102,000 48,000 120,000 36,000 24,000 124,800 55,200 300,000 $210,000 2. 1.7 $510,000+ $300,000 $96,000 1.2 $115,200 + 3. Quick ratio a. Find the errors in the determination of the three measures of current position analysis. Then provide the correct amounts below. If required, round the ratios to one decimal place. Working capital Current ratio $96,000 204,000 $510,000 Quick ratio b. Is the company satisfying the terms of the bond indenture