Calculate the Current Ratio and Quick Ratio from the given particulars and give your comments about the same if the industry ratio is as under: Current Ratio 2:1 Quick Ratio 0.80:1 Particulars $ Cash and Cash Equivalents 10,000 Trade Receivables 71,000 Current Investments 20,000 Non-Current Investments 40,000 Inventories 1,90,000 Prepaid Expenses 9,000 Plant and Machinery 2,00,000 Loose Tools 50,000 Trade Payables 1,00,000 Provision for Taxation 25,000 Outstanding Expenses 5,000 Surplus i.e., Balance in Statement of Profit and Loss 80,000