3.

Perform a current position analysis by calculating the working capital, current ratio, and quick ratio on the following company for 2020 and 2019 to determine if its ability to pay current liabilities has improved or gotten worse. Round ratios to one decimal place.

20202019

Current assets$195,000$140,600

Quick assets125,000100,200

Current liabilities196,100145,600

Working capital(1,100)(5,000)