(Analysis of assets) Your investment club has accumulated money and a friend suggests that you consider buying shares in Garden Ware Products, which manufactures gardening tools and products. Because you may need to sell the shares within the next few years as part of the investment club's activities, you start your analysis of the company data by calculating (1) working capital, (2) the current ratio, and (3) the quick ratio. Garden Ware's statement of financial position is as follows: Current assets Cash $253,340 Inventory 327,430 Prepaid expenses 26,290 Non-current assets Land 76,000 Building and equipment 204,000 Other 22,000 Total $909,060 Current liabilities $239,000 Long-term debt 241,000 Share capital 141,000 Retained earnings 288,060 Total $909,060 What amount of working capital is currently maintained? Working capital 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? (Round answers to 2 decimal places, e.g. 18.42.) Current ratio Quick ratio Does not exceed the criteria Exceeds the criteria