Aa Aa 6. Current position analysis Users of financial statements, especially creditors, are interested in the company's ability to pay its current liabilities. Working capital, the current ratio, and the quick ratio are used to analyze a company's liquidity, or current position. An analyst is evaluating the current position of two competing companies: Cheadle Inc. and Brock Co. Selected items (current assets and current liabilities) from their most recent annual balance sheets are shown. Balance Sheets (Selected Items) December 31, 2013 Cheadle Inc. Brock Co. Current assets: $1,600 $10,560 Cash 4,500 10,000 Short-term investments Accounts receivable (net) 12,050 77,720 11,550 Inventories 77,220 $29,700 $175,500 Total current assets Current liabilities: $7,500 $31,000 Accounts payable Wages payable 6,100 26,700 2,900 12,500 Taxes payable Total current liabilities $16,500 $70,200 In the following table, calculate the working capital, current ratio, and quick ratio for both Cheadle Inc. and Brock Co. Round ratios to one decimal place (for example, 4.21 4.2)