a) amount. What amount of working capital is currently maintained? Comment on the adequacy of this b) Your preference is to have a quick ratio of at least 0.80 and a current ratio of at least 2.00. How do the existing ratios compare with your criteria? Based on these two ratios, how would you evaluate the company's current asset position? c) The company currently sells only on a cash basis and had sales of $900,000 this past year. How would you expect a change from cash to credit sales to affect the current and quick ratios? d) Galena's statement of financial position is presented just before the company begins making shipments to retailers for its fall and winter season. How would your evaluation change if these balances existed in late February, following completion of its primary business for the skiing season? e) How would Galena's situation as either a public company or private company affect your decision to invest?