AP-3A LO All-You-Can-Buy Company reports current assets of $6.572, and current liabilities of $2,786. Calculate the current ratio and the working capital. AP-4A LO 3 Total current liabilities for Nicholson Restoration Company are $2.786. If cash is $2,000, short-term investments are $3,000, long-term investments are $1,000 and accounts receivable is $1,200, calculate the quick ratio. AP-5A LO The income statement of Ellen Corporation for the years 2017 and 2018 showed the following gross profit. 2018 2017 Net Sales $97,200 $80,000 Cost of Goods Sold 72,000 50,000 Gross Profit $25,200 $30,000 Required a) Calculate the gross profit margins for both years. b) in which year does Ellen Corporation have a better gross profit margin? Explain