Analyze S&J Plumbing, Inc.'s balance sheet below:

Assets		Liabilities
Cash	$100	Notes Payable-bank	$200
Net Account Receivable	$400	Account Payable	$300
Inventory	$200	Accrued Expenses	$100
Total Current Assets	$700	Total Current Liabilities	$600

Calculate the following:

• Current ratio
• Quick ratio
• Net working capital

Write a report of 2-3 pages that discusses the liquidity of S & J Plumbing Incorporated.