A balance sheet for Bradford Industries is listed below

Assets Liabilities and Stockholders Equity

Cash $95,000 Notes Payable (6 months) $ 40,000

Accounts Receivable 155,000 Accounts Payable 110,000

Inventory 270,000 Long Term Liabilities 360,000

Prepaid Expenses 60,000 Capital Stock 300,000

Plant and Equipment 570,000 Retained Earnings 430,000

Other Assest 90,000

Total $1,240,000 Total Liabilities and SE $1,240,000

Compute the following

Current Assets _______________

Current Liabilities _____________

Quick Assets ________________

Compute the following ratios

1. Current Ratio

2. Quick Ratio

3. Working Capital

4. Debt Ratio

Part II

If the industry averages for the ratios are: Current Ratio, 2 to 1, Quick Ratio, 1 to 1 and the debt ratio is 45%, is Bradford in a better or worse liquidity position than the average company in their industry?