Calculate the current ratio and the quick ratio for the following partial financial statement for Tootsie Roll. (Round your answers to the nearest tenth.)

Assets				Liabilities
Current assets:				Current liabilities:
Cash and cash equivalents (Note 1)	$	4,224,190		Notes payable to banks	$	672,221
Investments (Note 1)		32,533,769		Accounts payable		7,004,075
Accounts receivable, less allowances of $748,000 and $744,000		16,206,648		Dividends payable		576,607
Inventories (Note 1):				Accrued liabilities (Note 5)		9,826,534
Finished goods and work in progress		12,650,955		Income taxes payable		4,471,429
Raw materials and supplies		10,275,858
Prepaid expenses		2,037,710

Current ratio
Quick ratio