4.

Use the information below to calculate the working capital, current ratio, and quick ratio for 2020 and 2019. Has the corporation's position to pay current liabilities improved or gotten worse? Round ratios to one decimal place.

20202019

Cash and cash equivalents$ 24,500$ 22,650

Accounts receivable 129,800135,000

Inventories 215,350209,000

Total current assets $369,650$366,650

Current liabilities $346,100$345,200

Working capital 23,55021,450